Many times when a business is sold, the buyer does not have adequate funds for a complete purchase. Therefore, the buyer and seller agree on a down payment and sign an agreement promising to pay the remaining
balance over time. There is such a broad range of different types of
business notes that can be purchased, it would be impossible to list them all. However, some examples include the following:
1. Restaurants
2. Convenience Stores
3. Florists
4. Medical/Professional Practices
5. Laundromats
6. Dry cleaners
7. Printers
8. And Lots More
Underwriting 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
We offer an opportunity to convert business notes into cash. Our funding
sources can purchase all or part of the payment stream. Please contact
our office with any questions regarding the purchase of business notes,
the possibilities are endless.
