Venky T.
No for seller financing
The CEO got upset that I might be reaching out to owners to ask about seller financing. Why do they care if I am paying them 1.5% for every deal that I can close. Anyways I was told platform was not designed for that purpose and got booted out after asking for an introduction to a couple of the Sellers. My subscription was refunded. IMHO Seller financing is an acceptable form of a deal structure and as long as the owner is ready to take the risk based on a buyers profile platform shouldn't care. Most deals nowadays have some form of seller financing involved.
Response from RejiggFeb 6, 2025
Hi Venky, thank you for sharing this feedback. We understand that seller financing is an important part of most SMB deals, both to capitalize the transaction, and also to align incentives with the seller. And in our experience, seller financing normally makes up anywhere from 20% - 40% of the consideration for a deal. At Rejigg, we promise owners that they will be speaking with capitalized buyers, whether that capital be in the form of a committed fund, third-party equity, personal capital, or a planned SBA loan. As a result, we don't allow buyers on the platform who don't have access to capital, or who plan to use majority seller financing or earn-outs to finance a deal. Thank you for your understanding.