Final payment for nine care homes – including two in the Harborough district – that Leicestershire County Council sold last year will be discussed by the cabinet on Tuesday.
The firm Leicestershire County Care Ltd is due to pay the final £2.42m it owes to the county council by the end of March.
If it does not meet the deadline the county council will seek a lump sum and a higher rate of interest, it said on Monday.
The homes that are now operated by Leicestershire County Care Ltd include Lenthall House in Market Harborough and Woodmarket House which is in Lutterworth.
The council’s deputy leader, finance spokesman Byron Rhodes, said: “Our priority in agreeing this transfer was to safeguard the future of the homes and ensure that residents were well cared for. That has been achieved.
“The company assures us that it will have an offer of finance shortly – so, even if the money hasn’t arrived by our March 31 deadline, it should be on its way soon after.”
The company has paid £825,000 to the county council so far.
The cabinet will discuss the issue when it meets at 2pm on Tuesday.