Business Notes

What Are Business Notes?

A business note is a promissory note secured by a business and its assets.

Why Sell Business Notes?
There are several reasons, however we find in many cases business owners after selling one business later finds new opportunities.  These opportunities require working capital, and by selling the business note you receive your cash today.

How Are Business Notes Created?
Business notes are created when a business owner sells a business using seller financing. The note is secured by the business and its assets in case the buyer defaults.

Who Can Benefit from the Sale of Business Notes?
About 85 percent of all business sales involve seller financing. The seller will accept a cash down payment for part of the sale and a promissory note for the rest. Often the seller of the business involved wishes to move on to another venture or industry or may need money for expansion.

If you have recently sold a business that you are still holding a note for, please contact us for further information.

Troon Funding Services