Durham Business Broker

Businesses that carry debt, whether related to equipment financing, a loan used to start or grow the business, or other borrowing, need to address how this debt is handled as part of a sale, which can involve the debt being paid off from the proceeds of the sale at closing, or in some cases being assumed by the buyer as part of the deal, depending on the nature of the debt and what the buyer and lender are willing to agree to. How existing debt is handled affects the net proceeds a seller actually receives from a sale, since debt that is paid off at closing comes out of the gross proceeds before the seller receives their portion. For sellers throughout Durham with outstanding business debt, understanding how this debt would be addressed as part of a sale, and how it affects the net amount they would actually receive, is an important part of understanding what a given deal actually means for them financially.