VENDOR TAKE-BACK FINANCING LAWYER
Neufeld Legal P.C. can be reached by telephone at 403-400-4092 / 905-616-8864 or email Chris@NeufeldLegal.com
Vendor take-back (VTB) financing arises where a corporate transaction involving the purchase/sale of a business does not have the full purchase price paid upon closing, but is 'financed' in part by the vendor to facilitate the completion of the transaction, with the remainder of the purchase price payable at a later date.
Given the valuation of the business and the purchase price that is sought by the vendor, vendor take-bank financing can be an effective means to overcome the financial demands on the purchaser, especially where there are impediments to attaining external financing, including third party resistance to commercial transactions they don't properly understand or recognize its commercial potential. Nevertheless, this also demands appropriate legal protections being worked into the VTB to provide securitization for the vendor of the business.
At Neufeld Legal, we understand the challenges and legal implications associated with businesses attaining the appropriate form of financing to advance their commercial ventures, while complying with a stringent legal and regulatory structure that often appears to be averse to the advancement of commercial loans and other financial instruments. For knowledgeable and experienced legal representation in advancing your business' commercial financing initiatives, contact our law firm in strict confidence, by telephone at 403-400-4092 or 905-616-8864, or via email at Chris@NeufeldLegal.com.
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