SBA 7(a) with RME — Feasible?

June 02, 2025
by a searcher from Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) in San Diego, CA, USA
Has anyone successfully used an RME (Responsible Managing Employee) structure to satisfy licensing requirements for an SBA 7(a) acquisition?
I'm exploring a business acquisition in California that requires a contractor license. I don't have the required experience to qualify for the license myself yet, so I'm considering using an RME.
Would love to hear from anyone who has:
- Used an RME to meet licensing requirements
- Structured the RME role in a way that satisfied the SBA lender
- Dealt with any complications from SBA underwriting or closing because of this
Any lessons learned, or structure tips are appreciated!
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
from Harvard University in San Diego, CA, USA