Bad Credit, No assets, huge cash flow - Posted by Steve in Cali

Posted by David Butler on August 08, 2007 at 08:59:16:

Hello Steve,

For a “7-Minute” course on business notes, just copy and paste this link into your browser…

"Business acquisition financed with notes"
http://www.creonline.com/cashflow/wwwboard3/messages/10308.html

You haven’t provided near enough information to make a conclusive judgement, but given what you have provided with regard to credit and assets, I’d say it most likely is time to move on.

Sorry… but hope this helps you on your next one, and best wishes for your success! And…

Have Fun For A Living

David P. Butler
www.hotspurinvestmentgroup.com

Bad Credit, No assets, huge cash flow - Posted by Steve in Cali

Posted by Steve in Cali on August 08, 2007 at 08:10:52:

I have a potential seller of a business note on a business that has huge cash flow of about 1MM, on a 200k note. The only problem is the business owner has terrible credit low 500s and the business has less than 20k in assets.

Can something be done with this or shall I just move on?

Thanks

Re: Bad Credit, No assets, huge cash flow - Posted by Steven in Cali

Posted by Steven in Cali on August 08, 2007 at 09:22:14:

The details are this

200k @ 10%
6 months payments on time
balloon in 4 years.

But like you said, I think it would be very hard to shop and sell this note.

Thanks