Small businesses have a historically high failure rate, so it is no wonder that more than 80 percent of all business sales involve owner financing.

When it came time to sell your business, if you had no choice but to finance the transaction yourself by accepting a cash down payment and a promissory note for the rest - collateralized by the business itself - then we can get you cash for your note.

Remember, if the payments stop you may have no other choice but to take the business back – and pray that it's still worth something - even if you don’t want it.

Criteria

• No "Simultaneous Closings"
• Minimum 3 Timely Payments Required
• Promissory Note personally guaranteed.
• Minimum 650 FICO credit score on Buyer(s)
• 30% cash, "out of pocket" down payment (versus borrowed or financed)
  . We will consider less down if well seasoned
• Same location and proof of business profitability for two years
• Two years of corporate tax returns/year end profit & loss statements
  on business and Debtor
• Confirmation that buyer had previous experience in the business in question

Required Documents

• Sales contract
• Title
• Lease
• Insurance
• Payor credit
• Franchise agreement (if applicable)
• UCC-1