I'm wanting to buy a property management company using SBA 7a financing.
I have the deal lined up and equity ready to go.
The issue is I would need to keep an active broker's license in order to keep the company active in the state; i have an associate broker/salesperson license which allows me to operate the company but do NOT have an active broker license to keep it active.
From my understanding tho SBA standard operating procedures don't allow for a seller's to keep their license active for the buyer after closing?
Is that true? If so, is there any way around this?
How to keep a seller's license post close using SBA 7a financing?
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