Financing the Deal – how will a buyer pay for the business?
Few buyers pay for a business transaction in cash. Financing is normally involved and can take on a variety of forms. We routinely act for lenders looking to provide financing to buyers. With over 600 companies as our clients, we are more often called upon to act for a buyer or seller in a business transaction. Sellers want to ensure that the buyer will be in a position to close and pay the sale proceeds. Sometimes a seller is willing to finance a portion of the sale price. When acting for a seller providing vendor financing, we ensure that our seller’s “investment” in the buyer is secure. When acting for buyers, it is important for us to work with the law firm representing the lender, to ensure that completion funds are available at the completion date. Our Kelowna business law team works tirelessly on commercial transactions to ensure all financing components are in place regardless of whether we act for the seller, buyer, or lender.
Contact the experienced team at Montgomery Miles & Stone Law Firm in Kelowna, BC for answers to your Business Law questions.