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!
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