May 22, 2022, 10:47:57 PMMay 22
I am selling my small biz in FL. It is a SCorp.
The potential buyers are not from FL.
I am thinking of offering “Seller Financing” till the Buyers can get alternate financing.
I am offering a max of 2 months for the Buyers get their funding.
1. For Seller Financing what “documents specific to Seller Financing” will I need (as a Seller) for the Buyers to sign to make sure I am in a very secure and strong position in case of any default by Buyers?
2. Would initial Seller Financing preclude or complicate the Buyers from getting Bank financing later on?