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Business notes are created when a business owner sells a business using owner financing. A business note is similar to a private mortgage note. The difference is that a business note is secured by a business rather than by real estate.

Did you know that approximately 85% of all business sales involve seller financing? It is much more difficult to get a bank loan for the purchase of a small business than it is to get financing for a home. Businesses have an historically high failure rate, and many businesses do not own enough collateral to secure a bank loan. Business sellers, then, usually have no choice but to offer financing. They accept a cash down payment for part of the sale and a promissory note for the balance. The business itself – its property, inventory, equipment, name and reputation – serves as collateral for the note.

You don’t have to wait on payments – contact Sovereign Funding Group and obtain cash for your note. Allow yourself the freedom to receive that money and utilize it towards a new business, home or reinvest it towards your future today rather than waiting for your monthly payments!

Business Note Example:

John sells his restaurant to Mark and accepts a $100,000 promissory note to be paid over the next ten years. A year later, John identifies another business that he would like to purchase and needs $20,000 as a down payment. He contacts Sovereign Funding Group and we identify a funding a source who is willing to purchase a set number of future payments and John has his $20,000 in a matter of days. John now has the freedom to generate additional revenue from his new business and will still receive additional payments from Mark in the future.

Feel free to contact us anytime for a free no-risk consultation toll-free at (877) 836-4661 or email us if you have any questions.