This is a YouTube video titled "You MUST learn about Seller Financing #business #sellerfinancing" containing a single-speaker explanation about seller financing as a method to purchase a business, recorded on October 8, 2023. The speaker describes how seller financing can cover a financing gap when buying a business.
The second way you can buy a business is seller financing. So this is where the seller of the business will actually help fund whatever gap that you have in purchasing the business. So let's say the business is purchase price is $1 million, and you have $800,000 of financing or cash or something, and there's a $200,000 gap. You could have the seller actually carry that gap over a certain period of time. So seller financing is a fantastic mechanism to use in purchasing a business.
