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Business notes are created when a business seller decides to help finance the sale of their business. The note usually equals the difference between the sale price of the business and the buyer’s down payment. For example, Tom decides to sell his laundromat for $100,000. He finds a buyer, Jerry, who doesn’t want to deal with the hassles and high rejection rates of the conventional bank loan approval process, so he opts for seller-financing. Jerry makes a down payment of $30,000 and Tom creates a Promissory Note (or Business Note) with an original balance of $70,000.

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As we provide Seller Financing services, we give the buyers a loan so that they can successfully seal a business deal. Most of the time buyers are reluctant to invest a substantial amount of cash at a time. Here is when the role of SBN comes in. Our funding strategies and safer alternative exits are in sync with modern management theories as well as recent economic rules, which helps the sellers to lock the deal faster and effectively.

Business notes (or Promissory Notes) secured by a business .Once the seller and buyers have agreed to the terms of the financing, they sign the Promissory Notes

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Although there are other term notes which are designated as the debt securities used for the business, the medium-term note is widely used for the business. See more: https://bit.ly/3hya4MN

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