Preparation Essential to Successfully Selling Business Notes
Published Sunday, April 23, 2006 by Money Man Mike | E-mail this post
Some business note buyers may accept a balloon if it can be amortized within 24 months using the same monthly payment used to pay the note. The agreement, which doesn't become part of the public record, simply documents what the tangible assets are at the time of the business sale. You should receive the proceeds from the sale within several weeks.
Tagged: refinance
