Friday, June 8, 2018

What is the collateral for a seller-financing note (VTB) ??

Hey everyone! 

Natalie and I just got back from an amazing trip to Croatia and Montenegro.  While there, one of my Balkan viewers, Tomo, submitted a question:

What serves as the collateral on a seller-financing note when buying a business?
Great question Tomo!

It’s exactly the same situation as when we buy a house or car.  It’s the thing we get that serves as collateral; The business.

So, why exactly, do so many sellers try to get buyers to pledge something else to be the collateral?

Watch and learn:

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