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Private Owner Financed Business Notes
Have you sold your business and
carried back the financing?
Are you currently receiving payments on a
business note?
Do you need some quick cash?
What Are Business Notes?
A business note is a promissory note secured by a business and its assets.
How Are Business Notes Created?
Business
notes are created when a business owner sells a business using seller
financing.
The seller will accept a cash down payment for part of
the sale and a promissory note for the rest.
The note is secured by the business and its assets in case
the buyer defaults.
Often the seller of the business involved wishes to
move on to another venture or industry or may need money for expansion.
If you have recently sold a business that you are still holding a note for, contact us for further information.
Daily Capital Funding can provide
(holders of promissory notes secured by the assets of a business) a lump sum of cash which can be used for....
1. The purchase of a new business.
2. Attractive investment opportunities.
3. Education and re-training.
4. Medical emergencies.
5. Purchase of a home or vacation property.
6. Exotic trips and vacations.
Purchasing Criteria
· Substantial Down Payment
of at least 30% down.
.
Buyer has to have experience running the new business.
·
Buyer/Payor must have good credit both personal and
business.
·The
term of the note needs to be 5 years.
· There can be no
balloons in the note.
.
The interest rate needs to be at least 10%.
· Minimum
of 6 months seasoning.
·
Note must be in First
Position.
· Prefer note to be fully amortized.
· Excellent Pay History Record.
No Obligation Confidential Quote
You can receive a "no obligation" confidential quote on your owner financed
business note from Daily Capital Funding by simply completing our
note request form
(Adobe Acrobat Reader
Required) and faxing it to our underwriters. A representative will contact
you within 24 hours to begin processing your request. If you have
difficulty downloading our forms, you may also request a
quote by mail
or use our
online request form.
Attention! Commercial Real Estate Professionals and Business Brokers
Because of the reluctance of commercial banks to finance sales of small
businesses, Private Owner Financed
Business Notes are widely used
and commonplace in such transactions and can often provide the catalyst to
get the deal done.
Many sellers would prefer
not to hold mortgage paper for lengthy periods of time, however. Before
you structure your deal, contact us regarding how to make your Owner Financed
Business Note attractive for resale at a later date if necessary.
Daily Capital Funding -
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Daily Capital Funding, INC. 2008
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