Have you sold a business and received a promissory note for part of the sales price?
Are you receiving recurring payments for the sale of your business? Need cash today?
USLA INTERNATIONAL buys discounted, performing business notes or loans, with or without real estate
We also consider Re-Performing business loans, with an excellent payment history of 12-18 months after loan modification
USLAI buys seller-financed, owner-financed and privately-held business notes or loans
USLAI will buy senior position, performing (and re-performing, selectively)
USLAI reserves the right, at any time during the transaction process, to assign the transaction, without prior notification
USLAI offers full purchase cash payment buyout
RECEIPT OF YOUR SUBMISSION DOES NOT CONSTITUTE AN ASSURANCE OF ACCEPTANCE BY US
USLA INTERNATIONAL - BUSINESS NOTE/LOAN ACQUISITION GUIDELINES:
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USLAI buys senior position business notes or loans, at a discount, NATIONWIDE, with or without real estate
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First lien positions preferred. Second position note/loan considered, if ITV is less than 65% and borrower has good payment history
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We prefer 30% CASH down payment received by the seller. Will consider 20% down payment minimum, selectively, based on other criteria
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Financial asset (loan/note) must be Performing, BUT,
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We will consider purchase of re-performing business notes/loans, with 12-18 months seasoning, after modification
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Investment range: $50,000 t0 $600,000 per note. We can make bulk purchases of performing business notes
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Current unpaid balance: 72 months or less.
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For longer terms, we buy partial payments of up to 72 months and after a period of time, may consider buying remainder of payments, subject to borrower's good payment history
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Balloon payment acceptable when remaining payments are less than 72 months.
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Seasoning: We prefer 3 months+. Will consider, at minimum, 1 month seasoning
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Payor (Borrower) credit must be solid
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Business must be operating and show positive cash flow in seller's most recent financial reports
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ITV: We prefer no more than 70% Investment-to-Value (ITV=Current balance divided by business sales price)
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DSCR: We prefer businesses with minimum 1.25x debt service coverage rate
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We buy business financial assets with or without real estate
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When real estate is included, you will need to submit property information
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We require confirmation, in writing, of the borrower's personal guarantee
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No personal guarantee? Considered if low ITV; excellent payment history; or borrower has other source of income, or has pledged personal real estate with lendable equity
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We buy bulk portfolios of senior position, performing business notes or loans
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We reserve the right to assign a financial asset, at any time during the transaction
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Submitted documentation should include an asset valuation breakdown (inventory, equipment, etc.)
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USLA INTERNATIONAL CANNOT GUARANTEE THAT EVERY SUBMISSION OR PRESENTED OPPORTUNITY TO US WILL BE OF INTEREST OR ACCEPTED
USLA INTERNAIONAL'S INITIAL REQUIREMENTS FOR EVALUATION OF YOUR BUSINESS LOAN OR NOTE:
- A copy of the promissory note
- A copy of the recorded document (trust deed, etc.)
- A copy of the asset purchase agreement (or chattel mortgage)
- Payment history information (preferance for 12 months or longer)
- Upon evaluation of the financial asset and its collateral, we will present our buy/purchase offer
- When accepted, we will submit a request for the additional documents needed for our due diligence
- USLAI pays for standard closing costs. No upfront or processing fees
- Fast Approval & Closing. We can fund the purchase of your financial asset within 15 to 20 business days
- We guarantee confidentiality and will not distribute or share your information with any non-participants in your financial asset sale transaction
CALL OUR USLA INTERNATIONAL SPECIALISTS TODAY AND ASK FOR YOUR FREE EVALUATION! CALL (213) 600-8752 or send us your contact information via our online form and we will contact you shortly to learn more about your financial asset details