Examples: Full Standby Seller Notes

by a searcher from Brigham Young University

1 year ago

I'd love to get some examples of how others have structured seller notes on full standby to the SBA. I have the following questions: 
- What is the typical term? Is it most common to simply have a balloon payment at the end of the SBA term? Is it typical to do a longer term than the SBA loan and amortize once SBA is extinguished? 
- Simple vs. Compound? Which is more common?
- For compound - is it only the interest that typically  compounds, or is it the entire amount (principle + interest)?

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searcher

Following.

1 year ago | like reply | 1 like

lender from Eastern Illinois University

There are a lot of different ways to structure the seller notes. Some will depend on what the lender will allow. All depend on what the cash flow will allow. I would be more than happy to talk through options with you at any time. I can be reached directly at --@----.com

1 year ago | like reply | 0 likes

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