Hello Searchfunders: If I had a company that received SBA 7a loan last August, and, fast forward to today, I was contemplating buying another division for equity and keeping that owner as a 30% partner, what restrictions would I be under? Do I need to ask consent? How is this typically handled? The new division would not be using the assets that were bought with SBA money so would not want to require the incoming partner to g’tee the loan or have any recourse. All thoughts welcome! Thank you in advance.
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