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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