I'm looking at a communications company going for $5 million. While there are a lot of things to still consider, the 1st obstacle I'm thinking about is the enormous purchase price.
The seller is ok with a 10% seller note, so I am wondering about offering terms of a 5% note and requesting a loan for the other 5% to match the SBA downpayment requirements from the buyer. Other factors: I own a software company that grosses about 200k that I would possibly be willing to leverage.
Would appreciate feedback on possible courses of action, the deal size is intimidating when self-funded.
Negotiate 10% Seller note to 5% note and 5% downpayment assistance
by a searcher from Regis University
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