Exactly this. Reach out to ^redacted‌ or ^redacted‌. Both can find you alternative lenders.

It looks like debt and equity concepts are being mixed here. The SBA’s limitations apply mainly to the return of invested capital. A return on capital in the form of discretionary profit distributions is different. As long as there are no mandatory dividend clauses and distributions remain at management’s discretion, we have not seen issues. That said, a traditional waterfall structure will not fit under the new SBA rules, and investors need to understand that unless future updates change the framework.