When it came time to sell your business, if you had no choice but to finance the transaction yourself by accepting a cash down payment and a promissory note for the rest - collateralized by the business itself - then we can get you cash for your note.

Remember, if the payments stop you may have no other choice but to take the business back – and pray that it's still worth something - even if you don’t want it.

Criteria

• No "Simultaneous Closings"
• Minimum 3 Timely Payments Required
• Promissory Note personally guaranteed.
• Minimum 650 FICO credit score on Buyer(s)
• 30% cash, "out of pocket" down payment (versus borrowed or financed)
  . We will consider less down if well seasoned
• Same location and proof of business profitability for two years
• Two years of corporate tax returns/year end profit & loss statements
  on business and Debtor
• Confirmation that buyer had previous experience in the business in question

Required Documents

• Sales contract
• Title
• Lease
• Insurance
• Payor credit
• Franchise agreement (if applicable)
• UCC-1