Posts tagged SBA 7(a) Seller Note
Seller Notes in Relation to SBA 7(a) Loans

A seller note is a loan given by the current owner of a business to a new buyer, often in order to bridge the gap between the amount of financing the buyer has and the purchasing price of the business. For example, if a business was being sold for $6 million, and the buyer only had $5 million in SBA 7(a) financing, the seller could provide a $1 million seller note in order to cover the difference.

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