Seller note hopes and desires

by a searcher from Symbiosis International University

10 months ago

Has anyone been recommended by seller and their reps to have seller note at first position? 
Are banks even considering seller note at first position? 

I recently was suggested this and I kept my head straight with a poker face because I felt the parties were wasting their own time by even proposing such an innovative out of the world structure. 

Bankers - any response for above will be appreciated.

0 likes
90 views
8 comments

searcher from Northern Alberta Institute of Technology

Seller's tend to have this position...they're suffering from parallax error. Often the vendors on founder led businesses (who, presumably don't currently answer to the bank) can't understand that the bank would have any say on their rights or what happens with their business. But it's a new day when they sell their company.

1 week ago | like reply | 0 likes

searcher from IE Business School

no game on a seller note at first position... at least with any Canadian Senior lenders I ever spoke with.

9 months ago | like reply | 0 likes

More on Searchfunder

Just Closed on My First Deal! Reflections and Takeaways for other Searchers

45,152 transactions are available on Searchfunder (now searchable by keyword)

Now everyone has unlimited IBISWorld access

Family office looking for traditional searchers

Self Funded Acquisition: A few Things I Learned

Examples of self-funded searcher websites

2 Best Ways To Find Motivated Sellers, Off-Market Deals

What are market terms for Seller Notes?

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.