LOI -- Sample Seller Note Terms/Language

by a searcher from Northwestern University - Kellogg School of Management

1 year ago

Hi All,

I am looking for sample/template language for a contingent seller note to include in an LOI that is compatible with SBA financing.  I understand the high level requirements but haven't seen any sample LOI's with contingency/forgiveness terms.

Thank you.
Mark

2 likes
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2 comments

searcher from Massachusetts Institute of Technology

I have some verbiage - I can share - if you could send me a direct message or an email at --@----.com

1 year ago | like reply | 0 likes

searcher

I know “just make it up” isn’t a great idea, but the reality is that an LOI is non-binding and most effective to get them under a###-###-#### day exclusivity period so you can dig in without them shopping around.

I always write LOIs in simple and plain language, if that helps.

1 year ago | like reply | 1 like

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