Business Notes

We are in the business of purchasing privately-held business notes.
We provide a lump sum of CASH NOW for the rights to receive
future payments from these types of notes.

Many businesses are sold with some form of seller financing.
Our program allows these note holders to cash out their note.

We have found that many times a business will not sell because it is
difficult for potential buyers to obtain financing and at the same time a
business owner will not finance because he wants all of his cash up front.
Our program allows the owner the option of selling his note.

Business Notes are the riskiest of all the notes that we purchase and are
therefore discounted the heaviest. There are many factors that contribute
to this high risk but the two most determining factors are:

- High failure rate of small businesses

- No collateral to secure the note

The first is the traditionally high failure rate of small businesses in the
United States. We all are aware of the numbers of businesses that close their
doors within the first year or two.

The second factor is that these notes usually have little to no collateral.
When we purchase a business note, most of the time we are purchasing a
note that is collateralized by the income the business is generating and
maybe a personal guarantee by the payer. If we have to foreclose, the
payer will likely file for bankruptcy (so we can't get anything from them).
If we sell the equipment we will only get pennies on the dollar.

Because of the risk associated with Business Notes,
most of them are purchased as partials.

Please Note: Land contract, contract for deed, deed of trust, trust deed, and promissory note are other names given to mortgages. We purchase all of them.  

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