Seller Finance to Sell my Business
We go into a lot of detail on our website via the following link regarding Seller Finance. So if you want to understand this further please go here:
For a Brief Understanding, please see the following:
You may come across this term as "Earn-Out" or "Vendor Finance". These all esssentially mean the same thing.
So what do these terms entail?
In a sentence, the Seller will be essentially/in effect offering the Buyer a loan. As with a standard loan you as the Seller would receive a down payment followed by the remaining balance spread over a period of time.
Seller Finance is always an option for any company wishing to explore a Sale but please bare in mind this is not the only road to take. Seller Finance is in no way the ideal choice from the Sellers perspecitve as quite often a Seller will be seeking an outright Sale.