COMBINATION SBA/INVESTOR FUNDED ACQUISITION?

My partner and I are looking to use a combination of investor funds and SBA to acquire a business in the $1-2 million EBITDA range. We have a proven track record with other businesses acquired/scaled and now have interest from investors who want us to acquire a business using SBA funds, with the investors making up a large portion of the down payment (approx 10-20%).

Are there any hurdles with regards to SBA? Any hurdles for returning capital to investors?
What is a good ownership % for this type of deal, considering the principals will be on the hook for the SBA (80% of purchase price) with the investors contributing the balance (approx 20%)?

Any other feedback or insight is appreciated! Thanks!



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