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What is a
Business Note?
These are notes created
when a business owner sells their business using owner
financing. It is much more difficult to get a bank loan for
the purchase of a small business than it is to get a loan for
a home. Businesses have a historically high failure rate, and
many do not own enough collateral to satisfy a bank loan.
Sellers 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.
Sometimes the seller is
perfectly content to receive the payments over 3, 5, or more
years. More often, they have needs for the cash today or tire
of the hassle collecting payments.
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"Call us today to
see if you hold a salable note. We offer a Free,
no-obligation quote. No pressure . . . just our
sincere effort to help you."
Diane Homa,CCFC
Tollfree:(800) 663-7517
Phone: (727) 573-5533
Fax:(727) 299-9034
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