Skip to main content

Free Webinar Addresses Business Owners Frustration At Taking Seller-Financed IOUs When Buyers Cant

Free webinar that provides information about selling "seller financed" franchise IOUs.


America’s small business owners are frustrated that they are now facing the difficult choice of taking an IOU when they sell their businesses or not selling at all.

It’s no secret banks have tightened their lending criteria, creating financial conditions that now favor seller financing or owner carry-back financing instead of bank loans. According to the U.S. Small Business Administration (SBA), “Seller-financed transactions are especially common when a cash sale or traditional lending is difficult to come by, and the business doesn’t meet requirements for a venture capital investment.”

Awareness that IOUs are sellable is a key component to helping people get out of this situation, believes Rich Kolman, President of Franchise Note Buyers, a company that works with business owners to sell their business-backed IOUs for lump sum payments. “Most people do not know they can sell their business promissory notes, which keeps them stuck being their buyer’s lender when they would rather just separate from the old business. That’s why we are holding this webinar. We want people to know they have a choice.”

When banks refuse to extend credit, many business owners who sold or want to sell are in a bind. “Due to the nation’s credit crunch, we are finding a lot of small business owners have no choice but to take back an IOU, or not sell the business at all,” echoes Kolman. “Most people work in their business for years with the expectation that someday they will be able to sell it to fund their retirement or to invest in their next project. Without the support of banks, these sellers are now getting their money in dribs and drabs. These note-holding business sellers are worried that if their buyer stops paying, they’ll have to try to go back to work in their old business or possibly face a huge financial loss. It’s always hanging over their heads.”

To register for the complimentary webinar, “Did you know you can sell the IOU you took when you sold your business?” please visit Franchise Note Buyers. The live session will be held on Monday, August 29, 2011 at 9:00 a.m. Pacific Time. A limited replay will be available to people who register online but cannot attend at the scheduled time.

Based in Del Mar, California, Franchise Note Buyers, LLC is the nation’s leading purchaser of seller-financed business-backed notes (IOUs). In addition to buying existing notes, they help to structure and then buy new notes that help business buyers and sellers complete their transaction without the need for hard-to-get bank loans. To receive free, no-obligation cash-out price quotes, call toll-free (855) FNB-CASH or to learn more, visit Franchise Note Buyers

Company Contact Information
Franchise Note Buyers
Rich Kolman
1155 Camino Del Mar, Ste 456
Del Mar, CA
92014
(855)362-2274

Press Release Distribution and Press Release Service by I-Newswire
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.