My question involves business law in the state of: Missouri.
The owner of the company where my wife works wants to sell his construction company to me and my wife. This will require a loan from the company's bank and an SBA loan. My wife has a felony C conviction in 1979, accused of theft in which she plead guilty, due to lack of funds to defend herself. She has no previous or subsequent arrests of any kind other than a couple of minor traffic violations. Our question is; will the SBA grant a loan based on this record?