reply
by an intermediary
6yrs ago
from Wake Forest University
in Winston-Salem, NC, USA
Hi Jacob - the terms are highly deal specific. If along side an SBA loan, will often see a 5 to 10 year amortization. Protections for seller usually include security agreement, filing a UCC, personal guaranty (see two good discussions: redacted and redacted), life insurance on the buyer, paid for by the buyer, in favor of the seller (just like you would have with a bank loan), and period review of financials. Email me at redacted and I can send you the seller finance info from the report.
reply
by an intermediary
6yrs ago
from Wake Forest University
in Winston-Salem, NC, USA
Good point ^redacted, deals with more than average seller finance usually come with a higher price.