An Owner Financing Agreement is a financing arrangement where the seller of a business provides a loan to the buyer, often used in the sale of small businesses.

What is owner finance in business? Owner finance in business is when the seller provides a loan to the buyer to cover the purchase price, allowing the buyer to pay in installments over time.

What does owner financing terms mean? Owner financing terms refer to the conditions agreed upon by the buyer and seller, including the interest rate, repayment schedule, and any collateral required.

Which type of financing is used when the seller is the buyer`s lender? When the seller acts as the buyer`s lender, it is called owner financing or seller financing.

-

Owner financing agreements provide flexibility, can expedite the sale process, and may offer more favorable terms for both buyer and seller compared to traditional financing.

An Owner Financing Agreement allows the seller to provide a loan to the buyer, facilitating the purchase of a business and offering flexible financing terms.