Article: Get Cash Now For Your Business Note
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Get Cash Now For Your Business Note
BACKGROUND AND FUNDAMENTALS
A business note is generated every time an individual sells a business and chooses to carry the financing and collect regular payments from the new business owner(s). There are literally millions of dollars in business notes in the United States.
People are interested in selling business notes for several reasons. Usually, the prospective seller has decided that he would rather receive the lump sum value of the business, rather than monthly payments. Often that's because he wants to invest in a new business. Other times, the prospective seller has an incentive such as an expensive wedding bill, college tuition or a retirement trip.
Business notes are very similar to private mortgages or trust deeds. The main differenc...
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