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Seller Financing issues.
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Gloria Hiltz
May 22, 2022, 10:47:57 PM5/22/22
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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?
Thank you
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?
Thank you
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