"Most businesses are sold with some seller financing, owner financing, through a business note.  In many cases the seller would prefer to have cash rather than receive business  note payments spread over 5 or 10 years. This may be your situation and now you may want to sell your business note to raise cash."

At American Funding Group, Inc., we strive to meet the financial objective of the business seller. In some cases we will all the remaining payments of the business note while in other cases, we will buy just enough payments to meet the seller's need. "The transaction was handled very well. We appreciate the way you were able to overcome the problems, particularly the lack of cooperation of the payor. We were very satisfied with the outcome." J. & B. M., Palm City, FL.

The amount that we'll pay for your business note depends on a variety of factors; including the type of the business, experience level of the payor, the amount of money that the payor has at risk, and his/her underlying financial strength. When these factors are combined with knowledge of the collateral, and the terms of the business note, we determine the highest value of your business mortgage.

To buy your business note we will need to see your Security Agreement (listing the collateral securing the loan), promissory note and recorded UCC1 (the lien filed against the business). Additionally, we generally require a few months of payment history and that the buyer have at least 30% of the sales price as equity in the business.

"We were totally satisfied and very happy with the sale of our business note. American Funding Group did very well by us. If we ever have a need to sell another business, we know where we will go to sell the note." J.P., Cape Coral, Florida.

We welcome the opportunity to offer purchase plans for your business note. Just contact us or fill out the Business Note Worksheet.