New Issues with Trade Licenses in SBA Deals (June 2025)
August 15, 2025
In skilled or specialty trade businesses (e.g., HVAC, electrical, plumbing), licenses often reside with a key employee or the seller. When the buyer isn’t licensed, the seller or a licensed key employee typically must remain involved post-transaction to maintain the company’s license.Effective June 1, 2025, the Small Business Administration (SBA) changed several rules around business‑sale loans.

Chris Buttenham