What did you fight for in your seller note?
Seller notes are more than just debt. Structured right, they're your best tool for downside protection.
I see a lot of buyers negotiate hard on the interest rate and ignore the terms that actually protect them when something goes sideways after they close. Forgiveness triggers, standby provisions, offset rights. Those matter far more than 50 bps.
Drew Eckman is breaking down how to structure seller notes to mitigate risk at Monday's Q&A for our SMBootcamp community.
For those of you under LOI or recently closed, what terms did you fight for in your seller note? And what do you wish you had negotiated?
