FAQ's

referral fees. Simply refer your clients who hold carry back notes to us -  we'll pay you every time one of your referrals sells us a note. Please  remember that your clients may want to use that newfound cash to buy a new business through you.

We offer business sellers the opportunity to transform payments from a note they have taken back into cash.

We buy notes up to $500,000. We have a minimum discount of $2,500 per transaction.

We work with all types of industries - bakeries, restaurants, dry cleaners, laundries, convenience stores, or gas stations for example. We usually focus our attention on small and medium-sized enterprises.

I have a financial partner that actually provides the capital to purchase your note, what I am in charge of is client services. This means that if my partner, Your client and I work together to move forward from here, your client will deal with me for the most part and then my partner will begin discussions with him, if we all agree to and come to terms for a purchase.

Do you buy notes that are not secured by real estate?

Yes, almost all of our notes are secured only by assets of the business.

No. We use the assets as security but realize that their value will usually be less than the remaining balance of the note we are purchasing.

• A faster, sweeter sale. If the seller advertises that they will assist with the financing, the business will sell faster and for a higher price.
• More potential buyers. By taking back a note, sellers can offer buyers more affordable financing (esp. lower monthly payments). Thus there will be more buyers wanting to purchase the business. This gives the seller the ability to choose the right buyer from a larger pool of applicants. 
• Income potential. Through owner financing the seller has additional income potential. As previously mentioned, sellers have received a cash down payment and will receive note payments over time. They can convert note payments into cash to invest in another business or pay off debt.

The offer really depends on a number of factors. Your client will normally receive roughly 70% to 90% of the balance of the note. The buyer's total down payment plus the sale of the note will usually be about the same amount as the seller would have received from an all cash sale of the business. Even though the note is sold at a discount your client will have about the same amount of cash as they would have had had they waited for an all cash business buyer.

We buy both. It is to the seller's advantage to sell just part of the note if their cash needs are less than they would get from selling all of the note. We will gladly quote on a partial purchase.

We usually close no later than 15 working days after we have received all necessary documentation from the note holder. It really depends on the responsiveness and cooperation of the note holder - the sooner we get all documents the sooner we can close.

Your commission will be paid by Great Note America when the transaction closes.

We can't make an absolute guarantee, but we will make a tentative offer to purchase the note subject to all due diligence being completed within the first 60 days. Assuming the seller has chosen a buyer who is qualified to run the business and has been truthful with both the buyer and Great Note America regarding the profitability of the business, there is no reason we wouldn't buy the note.