BUSINESS NOTES
What Are Business Notes? How Are They Created?
- A business note is a promissory note secured by a business and its assets. 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.
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Who Can Benefit from the Sale of Business Notes?
- A majority of all business sales involve seller financing. The seller will accept a form of down payment, usually cash, 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, download and fill out the Business Note Worksheet and contact a certified Cash Flow consultant for assistance today!
- See also: Business Equipment Notes or Business Vehicle Notes
BUSINESS NOTE WORKSHEET
Contact a certified Cash Flow consultant for assistance today!
For COMMERCIAL MORTGAGES click HERE!
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