What form is used when you have an SBA creditor standby letter for 10 yr balloon payment?
Won’t receive funds for 10 yrs
02638
2 Replies
Mike9241
Level 15
Jun 27, 2022 8:23:18 AM
please clarify, how does this relate to income taxes?
cindac-msn-com
New Member
Jun 27, 2022 8:42:20 AM
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.