Leonard Wants to Sell His Business, but the Bank Will

Leonard wants to sell his business, but the bank will not lend the buyer enough money. Between personal savings and the bank loan, the buyer has about 70 percent of the asking price. Which of the following options would be best for Leonard in this situation?

A) Look for a different buyer
B) Lower the asking price
C) Retain a 30 percent ownership in the business and a seat on the advisory board
D) Offer to finance the remaining 30 percent, accepting payments over the next few years