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Business
Notes
Business
notes occur when a business is sold using
owner funding. The buyer and seller agree
on a down payment and sign an agreement
promising to pay the remaining balance over
time. This type of arrangement occurs frequently
because the buyer may not have adequate
funds for a complete purchase and it is
difficult to get a bank loan for a purchase
of a small business.
Capital
Logic can offer the note holder an opportunity
to convert future payments on the business
note into cash today. Our funding sources
can purchase all or part of the payment
stream. The requirements for the purchase
of business notes include:
1.
Substantial Down Payment
2. Buyer must have good credit, both business
and personal
3. Four months seasoning with excellent
pay history
4. Note must be fully amortized and in first
position
5. Note must be personally guaranteed
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