I am looking at construction companies in Arizona, which has a strict 4 year time requirement for many of the specific contractors licenses. The licenses are held by the entity with the requirement that there be a qualified person on the license. When the seller is the qualified person and the buyer cannot yet qualify, the options are to (1) partner with someone who could qualify for the license, (2) ask a current employee become the qualified person, or (3) ask the seller to stay connected as the qualified person. I have been told that the SBA does not like the flight risk created by having someone who is not the owner as the qualified person. Is this true and, if so, what might be sufficient to mitigate this? Would a seller note work? Keeping the seller as a 5-10% owner, etc.