SBA seller note standby

by a searcher from Providence College

2 years ago

Is it acceptable for a buyer to negotiate two different seller notes? for example:

first seller note is 50% of Buyer’s 10% down payment for SBA loan (5% note) and the second Seller note is the traditional seller carry/ financing.

Which note will SBA put on standby, after the 10 year term; the 5% note or the traditional seller carry?

0 likes
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6 comments

intermediary from York University

thanks

1 year ago | like reply | 1 like

searcher from Duke University

Thanks for sharing

2 years ago | like reply | 0 likes

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