With the changing state of the economy it is becoming harder and harder for entrepreneurs to acquire loans for buying or selling a business. However, this can be easily solved through Seller Financing. Essentially, the seller will be paid for the business over time instead of one lump sum. In turn the seller can protect himself by assuming ownership if the buyer misses payment.

Seller Financing

Additional seller protection can be achieved by securing a loan against the business’s hard assets, a mortgage on the buyer’s home along with personal guarantee signed by the buyer and the buyer’s spouse. Safety when selling a business can only be accomplished through carefully drafted agreements and proper documentation.

If you are a member of Spiegel & Utrera, P.A.鈥檚 General Counsel Club and have questions about SBA 504 Loans, call (800) 734-9900 orclubassist@amerilawyer.comfor assistance. Remember, as a member of the 聽General Counsel Club, you receive unlimited legal, business, credit and tax advice all year long.

Spiegel & Utrera, P.A. is a corporate law firm with its main offices located in Miami, Florida with offices throughout the United States. As a law firm, we do more than just help you form your business entity. We stand ready to help with the maintenance of your legal business entity! We聽will assist you with聽Incorporation Service, Trademarks, Copyrights,Estate Planning, Legal Counsel, Wills, Trusts, Agreements & Leases, Corporate & Company

Assistance

Submit details below

Related Posts

Continue Reading

Legal Services

Intellectual Property 101: Copyright, Trademark, Tradedress

WHAT IS INTELLECTUAL PROPERTY? Intellectual property is an intangible product of the human intellect, a creation that originates from someone's...

Read More >>
Business

Understanding How To Write Or Respond To A Demand Letter

What is a Demand letter? A letter of demand is sent to a person or organization who owes you money...

Read More >>
Administration

MBE Certification and Special Funding for Minority-owned Businesses in 2024

Minority-owned Businesses with MBE Certifications get Special Funding and Benefits in 2024 Government programs are available for minority-owned businesses with...

Read More >>