Quick Summary Selling a business with an SBA loan means resolving the debt at closing, through payoff, buyer assumption, or a negotiated settlement, with specifics depending on your SBA program (7(a), 504, Express, or Community Advantage). Loans
When a business changes hands, employees are often the most affected and least informed party in the transaction. Whether staff keep their jobs, their pay, and their benefits depends heavily on how the deal is structured, asset
Quick Summary Whether a contract survives a business sale comes down to two legal mechanisms: assignment, which transfers a contract’s benefit but can leave the seller secondarily liable, and novation, which fully substitutes the buyer and releases
