Based on my understanding of SBA financing, previous owners can only work at the company for up to 1 year post acquisition. I'm looking at a business now where there's a key employee who has ~3% ownership of the company (due to some incentive comp plan). Does anyone know if there are any common/acceptable routes to keeping an owner with such a small % ownership on beyond the 1 year mark post-acquisition when using SBA? Thanks!
More on Searchfunder
Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
111 views
12 comments
Sign in to see all replies.
Create an account.