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cindac-msn-com
New Member

What form is used when you have an SBA creditor standby letter for 10 yr balloon payment?

Won’t receive funds for 10 yrs
2 Replies
Mike9241
Level 15

What form is used when you have an SBA creditor standby letter for 10 yr balloon payment?

please clarify, how does this relate to income taxes? 

cindac-msn-com
New Member

What form is used when you have an SBA creditor standby letter for 10 yr balloon payment?

I sold my business and I am trying to figure out what form to use to show that I won’t receive 250k for 10 yrs. The buyer went through the SBA and required 205k be on Full Standby for 10 yrs. 

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