Sellers
When you receive an offer, it is time to , it is time to open escrow. Schneider Associates Financial Services will safely hold your buyer’s earnest money while the details of the transaction are finalized and you prepare for closing. Meanwhile, we will work diligently as a neutral third party to ensure that you are protected and fully compensated for the sale of your business.
Five reasons you need SAFS as your neutral third party:
01
Experience with small as well as business transactions
Schneider Associates Financial Services does one thing –business transactions – and we do it well. We deliver solutions tailored to your specific transaction, whether simple or complex. We coordinate with third party lenders, franchisors, debtors, landlords, and any other parties involved in the transaction. Our team of professionals offers the support and resources you need even after your closing.
02
Your basic escrow package will be based on our published fee schedule and includes the core services required to complete small or big business transactions, such as tax and corporate status searches; preparation of escrow instructions and settlement statements; collection and disbursement of funds at closing; prorations, filings and recordings; and more. This will allow you to plan and prepare based upon these costs instead of worrying about hourly billing or unknown costs. Upon request, we will prepare an estimate of your closing costs ahead of your scheduled transaction.
03
Account servicing.
If you prefer to have a neutral third-party handle servicing on your seller financing note, we offer account services including account set-up, monthly payment disbursements, and UCC-3 termination and release filing upon completion of the note terms.
04
Prorations
We will prepare settlement statements prior to closing that include prorating items that you have already paid, to ensure you are being compensated for such items as utility and lease deposits, prepaid contracts and leases, or taxes you have already paid for the year for your business.
05
Attorney-prepared closing documents
When we close your purchase, we will have the specific legal documents prepared that are required to complete your transaction. Our specially negotiated rates with our escrow attorney will save you money on your closing documents. It is just another way we add value to every closing we do.
At Schneider Associates Financial Services, we know what clients need, because we know small and big business transactions. It›s the one thing we do, and we do it well.