What Are Business Notes?
Why Sell Your Note?
A slow payer can be a real headache. You need:
- A Clean BREAK: selling provides you this peace of mind
- Risk Aversion: A business note represents a significant risk
- Liquidity: Convert future payments to cash to pay for Vacation, College, new Business
We can give you lumpsum now. A lumpsum today is more valuable than small monthly payments.
Call Global Concepts today toll free 1-303-351-9360!
A business note is a promissory note secured by a business and
its assets.
How Are Business Notes Created?
Business notes are created when a business owner sells a business using seller
financing. The note is secured by the business and its assets in case the buyer
defaults.
Most Banks do not finance small businesses. So the business seller is forced to carry back a note.
Who Can Benefit from the Sale of Business Notes?
About 85 percent of all business sales involve seller financing. The seller
will accept a cash down payment for part of the sale and a promissory note for
the rest. Often the seller of the business involved wishes to move on to
another venture or industry or may need money for expansion.
If you have recently sold a business that you are still holding a note for, contact us for further information.