CR in STL
Expert
- 61
I am in negotiations on buying a book of business (group life & Health) and looking for input from those of you who have purchased books. Obviously once the attorneys get involved they will fill in the gaps but while we are in the intial negotiations I am looking for suggestions on the following
1. Is it common to pay the lump sum up front and secure your own financing vs. owner financing
2. How did you structure the owner financing (Terms, rate, Etc)
3. How long was the financing period
4. What conditions did you have
5. What clauses did you have other than financing (no compete, due diligence, Etc.)
Thanks in advance
1. Is it common to pay the lump sum up front and secure your own financing vs. owner financing
2. How did you structure the owner financing (Terms, rate, Etc)
3. How long was the financing period
4. What conditions did you have
5. What clauses did you have other than financing (no compete, due diligence, Etc.)
Thanks in advance