Business notes are created when a business owner sells a business using owner-financing. It is significantly more difficult to get a bank loan for the purchase of a small business than it is to get a loan for the purchase of a home. Businesses historically have a high failure rate, and often do not have enough collateral to satisfy a bank loan.

Business sellers usually have no choice but to offer seller-financing. They often accept a down payment for part of the sale, and a promissory business note for the balance.

There are times when the seller is content to receive the payments over many years but it is often the case that they have needs for a lump sum payment instead of collecting the payments over time.

Feel free to contact us anytime for a free no-risk consultation regarding selling your business note.  We can be reached toll-free at (877) 836-4661 or email us if you have any questions.