💥 New Feature: Letter Of Intent (LOI) Builder 💥
When it comes to buying a business, submitting an offer can be both exciting and nerve-wracking. But unfortunately, it is not always done right...
Sorry, did you say elephant in the room? Yep, you read that right, most buyers don’t submit offers correctly. But this is not their fault, the problem is that the world of M&A has complicated the whole process, even with what offers are called - Letters of Intent (LOI). Yes that’s right, there’s a fancy acronym to simply describe an offer.
Meet our brand-new LOI Builder (see what we did there? LOI Builder ... DealBuilder...), it eliminates LOI problems by doing the complicated work for both buyers and sellers.
But first, what is an LOI?
A Letter of Intent (LOI) is a document used to outline the terms and conditions of a potential business transaction between two parties. It is a non-binding agreement that serves to specify the details of the transaction and to clarify the intentions of both parties. An LOI typically includes details such as the purchase price, timeline, conditions of the sale, and any other relevant information.
It also serves to protect both parties by ensuring that all terms are agreed upon before the transaction is finalized. An LOI is an essential part of the process of buying a business and helps ensure that the transaction goes smoothly.
How do I access the DealBuilder LOI Builder?
There are a few ways you can access our new LOI Builder as a buyer. The first place is from your home screen:
You can also access and submit offers directly from the buyer presentation:
What if I have questions?
That’s why our Deal Managers are here to help! You can always book a call with our team to have us walk you through the LOI Builder, what terms to include/exclude, and/or answer any other questions you may have about the deal process.
Want to understand a bit more? You can watch a full demo of how the tool works here!
