
Seller financing (also called owner financing) happens when the business owner agrees to accept payments over time rather than getting all their money at the time of closing. As LendingTree explains, “After making a cash down payment of 10% to 50% of the purchase price, buyers may finance the rest with seller financing, sometimes in combination with loans from traditional lenders” (LendingTree, 2024). You’ll typically make a down payment and sign a promissory note outlining: The payment schedule Interest rate Term length (usually 3-7 years) Any collateral requirements Five Advantages […]