I'm pretty new to SBA loans as I typically avoid them due to the PG but I currently have a deal under LOI I think is a great fit to be refinanced with one shortly after acquisition. My limited understanding on SBA 7A loans are that old owner's are not allowed to continue ownership for more than 1 year. Have any searchers found creative work around for that to keep owners of the old entity engaged in equity ownership?

I'm also curious what constitutes "ownership". If the old owner for example lends money to a vehicle that buys out his equity with all debt and then you purchase that entity does that get you around "ownership" or a lender from the old deal can be considered ownership as well? I'm open to any and all thoughts here and thought it might be a good post topic for more complicated financing structures in small deals