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But, in considering financing, current debt instruments would be my first choice, and again I would use this to finance the 100% of the venture. The note payable would be my first choice. A note payable is a contract detailing the terms of a promise by one party (the maker) to pay a sum of money to the other (the payee). The obligation may arise from the repayment of a loan or from another form of debt. For example, in the sale of a business, the purchase price might be a combination of an immediate cash payment and one or more promissory notes for the balance. Trade credit could also be used. Whenever a supplier allows a small business to delay payment on the products or services it purchases, the business has obtained trade credit from that supplier...
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