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Business Notes
Have you sold a business and taken back the note? Are you considering doing so? Are you a business broker? If so, then this section is for you. Many individuals and businesses take back notes on the sale of a business.
Sometimes, however, you'd like to have cash for those notes. Perhaps you want to buy another business, make another investment, or have some other need for cash. Race Point Funding can help.
There are a few things to keep in mind when selling or creating a business note. The business and all its goods and chattels should be a separate note from real estate if any is part of the sale. The other is that, GENERALLY, four to six months seasoning (payment history) is expected. However, faster business note purchases have been known to happen.
A business note purchase is similar to a real estate note purchase in process, with different documentation. If you've sold a business, you're familiar with the documents. E-mail us or give us a call and let Race Point Funding go to work for you to get you the cash you need.
 
 
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