Seller Note Business Broker terms! Free Value Assessment

In a business sale brokered in Clearwater out of Tampa Bay, the buyer and seller agreed on a seller note as part of the transaction. This seller financing arrangement helped bridge the valuation gap between the buyer's offer and the seller's asking price. The seller note functioned as a loan from the seller to the buyer, payable over an agreed period, allowing the buyer to preserve the company's borrowing capacity for future secured financing. This type of financing, typically unsecured and subordinated below all other debts, was crucial in facilitating the deal when traditional financing options were limited.