Seller-Financed Business Note 

A seller-financed (also known as a seller carry-back)
note is identical to an owner-financed mortgage note except
that the note in this scenario is created from

 
It is very common for a business seller to take back a note
to help with the sale of his / her business.  It can be difficult
at times for individuals to obtain a bank loan with which to
purchase a business.

It is estimated that approximately 20 million
businesses exist in the United States at any given time.
Approximately 10% are sold on an annual basis with an
average seller-financed note of $50,000.
That computes to $100 billion worth of notes generated
annually.
 
A holder of a business note does not know that he / she can
sell it.  This individual is no different than a mortgage holder,
personal injury recipient, or lottery winner.  A point in time
will occur when preference of a lump sum of cash over
monthly payments will prevail.
 

Charter Financial does NOT:

• purchase a business note that is being paid by a corpora-
  tion WITHOUT a personal guarantee.
• purchase a note that is being paid by someone who has
  BAD credit with NO experience in the new business.