I was told by a broker today that there is new SBA guidance that will allow a seller to be involved in the business for longer than one year. It was unclear if this was related to employment, qualifying the business, consulting, etc.
Apparently the exact rules have not been implemented by lenders yet but is forthcoming, according to the broker. Can anyone validate or shed any light on this? Thank you!
SBA rule change allowing sellers to be involved longer than 1 year?
by a searcher from Georgia Institute of Technology
More on Searchfunder
Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
213 views
28 comments
Sign in to see all replies.
Create an account.