IS ASSET STEWARDS LLC A BUYER OR AN INTERMEDIARY?
Asset Stewards LLC is not a broker. We are a principal buyer. We buy companies using our lender network, and we use debt to finance acquisitions.
HOW LONG DOES ASSET STEWARDS LLC HOLD ITS INVESTMENTS?
Asset Stewards LLC is a long term investor. We do not 'flip' investments or seek to generate returns through short term financial tactics.
HOW LONG WILL IT TAKE TO SELL MY COMPANY?
In general, we seek to fund and close transactions about 30 to 90 days after we enter a letter of intent.
DOES ASSET STEWARDS LLC PROVIDE ANY GUARANTEE FOR SELLER FINANCE DEALS?
No, if Asset Stewards LLC (buyer) stops making payments at any time, we will return company shares immediately. The seller will always have the option to buy back shares at any point.
IS THERE ANY COLLATERAL?
Yes, the down payment commitment letter from the lender. We maintain a large Rolodex of lenders we partner with to complete acquisitions. Note: commitment letters are only issued if the borrower and company meet underwriting requirements. A commitment letter is a document that lets everyone in the transaction know that the lender is prepared to make a loan to repay the borrower.
WHAT'S A BUSINESS PROMISSORY NOTE?
In some cases, we'll sign a promissory note (a promise to repay the loan).
HOW DOES ASSET STEWARDS LLC ADD VALUE?
Depending on the needs of the company. At times, we are the outsourced CFO, the business development team or the strategic consultant. At all times, we are interested and active board members. We believe that our collective experience allows us to offer sound and prudent advice and guidance that, over time, adds value to each company.