down payment: What is Equity Financing? - 07/08/08 03:34 AM

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WHAT IS EQUITY FINANCING?
The EquiFund Program is a Federal Funding program. Equity capital is provided to buyers purchasing a business or commercial property. Equity from the seller's business or property is converted into cash funds as a non-repayable taxable grant deposited into the buyer's EquiFund bank account. The available amount of equity is the difference between the seller's final gross sales price and the buyer's purchase price at maximum appraised value as determined by a certified appraiser.
Buyers participating in the EquiFund Program will receive a 1099 at the end of the year and must record it as "miscellaneous income" on their tax … (2 comments)

 

Richard David

Commercial Equity Lender, Loan Originator, EquiFund...

Dallas, TX

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Federal Funding • Direct Lenders • Business Financing

Address: 3010 LBJ Frwy, 12th Fl., Dallas, TX, 75234

Office: 214(986) 170-0300

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