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04-23-2024, 11:19 AM #1
Reputation points: 374
- Join Date
- Dec 2023
- Location
- NJ
- Posts
- 35
The way Steve depicted is the best way to do it.
However, using an mca product, what I have seen in the past is have the current owner stay on, and with each round of funding, they give a percentage of ownership to the new owner and/or have some other sort of document (such as a buy-out agreement) depicting how much is left. The problem is that the mca wont get this done in one shot. Typically the sale price is much more than a few rounds of funding so it takes a long time for the current owner to walk away fully paid.TMRNOW | A Total Merchant Resources Company
Ariel Avalos – Iso Relations Manager
377 Hoes Lane, Suite 240, Piscataway, NJ 08854
Phone: 347-814-6152 | Email: Ariel@tmrnow.com | Web: www.tmrnow.com
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