Tag Archives: collateral

Is it a Good Idea to Take Back a Note on Sale of Your Business?

When selling a business, a seller may decide to extend credit to the buyer by “taking back a note.”  Sometimes this is done in combination with bank financing, but not always.  In this discussion we will look at what taking … Continue reading

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Collecting on a Promissory Note Given in a Sale of Business

If you sold your business and took back a promissory note from the buyer, you may be looking forward to the monthly payments and the nice revenue stream your business continues to provide after it was sold. However, if the … Continue reading

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