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
More on Searchfunder
Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
156 views
6 comments
Sign in to see all replies.
Create an account.