System and Method for Automating the Financing of a Business Sale
OwnerGeorge Bechakasinventor
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OwnerGeorge Bechakasinventor
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A system and method provides an easy financing option for a business buyer by enabling a business buyer to pay for a portion of the total purchase price of a business through revenue generated by the business. The business seller also is assured to receive the agreed upon sale price for the business, since the payment is automatically allocated for paying the total purchase price of the business as long as the business is operational and generating revenue. A point-of-sale system, such as a card payment reader, allocates a portion of the generated revenue from the business to an escrow system. The escrow system allocates an agreed upon portion of the revenue generated by the business to the business seller. The method may be especially effective for collecting debt for a business that was partially paid for, such as a financed business sale.
A method for automating the financing of a business sale, the method comprising:
A method for automating the financing of a business sale, the method comprising:
One or more computer storage media storing computer-usable instructions, that when used by one or more computing devices, cause the one or more computing devices to perform a method comprising the steps of:
Dependencies are inferred from the claim text.