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Business Note Worksheet

Sold your Business...Sell your note for CASH!

Commercial Notes: Mortgages, Deeds of Trust, or Land Contracts that are created by the sale of any type of commercial property such as:

Office
Retail
Industrial
Franchises
Apartments (more than 4 family units or better)

Criteria for fundable Business Notes:

CASH down payment of 30% or better (we can not fund notes that have a borrowed down payment)
1st position only
Interest rate of 6% or better
Seasoned for 3 months or better
Fully amortized for 10 years or less
No Balloons (we can only fund payments up to a balloon if one exists)
Personal Guarantee

Information on the Payor:

Credit of the Payor is vitally important. The promissory note must be signed by a creditworthy individual (625 or higher).
If the payor is a corporation, the note must be personally guaranteed by an individual in the corporation.

Other Evaluation Factors:

Approximate value of the business and its assets.
Is the business a franchise? (If so, must obtain copy of franchise agreement)
Is the property leased? (we usually do not buy payments that extend beyond the lease expirations)
Type of Business
Qualifications of new owner to run business

Business Notes do not need to meet all the criteria to be funded, but because of their risk, the closer they are, the closer our offer will be to the face value of the note.

If you have a Business Note that you would like to get an evaluation on, please go to the "Business Note Worksheet" tab on the left and submit a form...or contact us any time.