Business Notes:
A business note is a promissory note secured by a business.
Business notes are created when a business owner sells a business using owner financing. A business note is similar to a private mortgage note. The difference is that a business note is secured by a business rather than by real estate.
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 an historically high failure rate, and many businesses do not own enough collateral to secure a bank loan.
Business sellers, then, usually have no choice but to offer financing. They accept a cash downpayment for part of the sale and a promissory note for the rest. The business itself, its property, inventory, equipment, name and reputation serves as collateral for the note.
Diversified Capital Resources can help you get Cash Today for your business note. Use the cash to buy another business, or take that dream vacation, buy a new house. You can sell all, or part of your note to get the cash you need today. To get started click on Contact Us we are ready to help you get cash today, and have greater peace of mind tomorrow.
