Why should you sell your notes?
A note funding represents a valuable asset, and the commitment to sell your business notes can only be answered based on individual needs. It's a truth that interest rates are now at an all time low, so lenders find notes that were financed under greater terms more attractive and without uncertainty will pay more for the notes. If you plan on keeping your note for the long drag, it is in your best interest to manage it to the best of your potential. This means teaching yourself, and having a strategy set in place for when the borrower begins paying slow or stops paying you all together. Research shows that around 37% of all borrowers that are 60 days late on their note payments will continue to be late. Also, studies show that about 21% of all borrowers who are 60 days late on their payments will go into default, then prohibited. The 1 mistake you may experience as a note holder will occur if you are not successful in doing your homework at the beginning of...