When you buy a business is it typical for the loan to say if you are late 15 days you owe the entire balance in full?

1 Answer

Answer :

answer:I know literally nothing about business law. Logically, I have to wonder how it would benefit the seller to sell their business, turn it over to whoever to do the gods know what to it, run it into the ground perhaps, then take it back as collateral on the loan. They don’t want it back after the buyer has messed with it; they want their money.

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