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  • Writer's pictureAmi Kassar

AmiSight 6/5: Webinar Coming Up: Changes in SBA Rules for Business Sales and Ownership Changes

The SBA is in the process of making changes aimed at facilitating business sales and ownership changes.

One significant change is the elimination of a rule that previously prevented outsiders from purchasing a portion of a business. Now, external individuals or entities are allowed to acquire a share of a business.

The SBA has also modified the rules to allow associates of a business, such as existing employees or partners, to receive loan proceeds in specific scenarios.

Another change relates to the 10% equity contribution required in a complete change of ownership. Sellers now have two options to fulfill this requirement.

Want to learn more? Join us this Wednesday at 12PM, EST. Click here to register.

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