I'm interested in how searchers have financed their second deal while still holding onto their first financed SBA acquisition.

If for example you borrowed $2m SBA debt were you able to go back to the well for an additional $3m, up to $5m limit? Are you using traditional bank debt, private party debt... Going this route is probably the first steps into the HoldCo model, I'd welcome resources on how others have made this work.

Thanks for your thoughts.