SBA Financing - Unique Deal Structures

November 26, 2022
by a searcher from Carleton College in Burlingame, CA, USA
Hi,
I am looking to acquire a small landscaping maintenance company in California. In order to legally operate as a landscaper in California, you must hold a C-27 Landscaping License. In short, the current owner is the only holder of the C-27 License and it would take me roughly 3.5 Years to acquire the license. The state allows the license to be held by a Responsible Managing Employee (RME), which means the owner could possibly maintain the license until I am able to apply for mine.
Traditionally the SBA does not allow the owner to be involved post transaction. I would really appreciate understanding any creative financing structures that would allow me to still complete the transaction.
Thank you in advance.
from Northwestern University in Los Gatos, CA, USA
from The University of Alabama in Birmingham, AL, USA