Buying a business that has a GM in place or planning to hire a GM to run it and I will remain as non-operating owner and also be guarantor to SBA. Wonder if this is good idea something SBA would allow. Pros and Cons ?
I understand that the Seller cannot remain the GM for more than 12 months.
What kind of compensation structure GM should have to keep him engaged, motivated ?
Buying a business as non operating owner with SBA 7a loan
by a searcher
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