Question for you successful searchers out there that funded their deal(s) with the SBA 7a program:

How did you structure the transition period? Assuming the sellers were employees and officers of the target, did they resign at closing and became 1099 contractors? Did they receive 'regular' pay, or did you compensate them per hour worked? How did you deal with insurance and benefits for the transition period?

Any examples and data points are much appreciated! DMs are open too