I currently have a LOI under consideration for a solid company that fits all my criteria and has great growth potential. Asking price is 4x. I will be seeking SBA financing. My SBA broker expects that I will be approved with 10% down.

Businesses are often purchased with a loan like this, but how does a buyer make loan payments and still afford income taxes and a salary?

Here are the numbers for my deal:
Purchase price: $2,200,000
Working capital to be included in loan: $100,000
Down payment on loan: $230,000
Interest rate: 11.5%
Term: 10 years
Monthly loan payment: roughly $30,000
SDE: $540000

Annually, I need $110,000 minimum for personal income. Being conservative, I am not assuming that SDE will remain at that level, so let's assume SDE is going to be slightly lower at $500,000. If SDE is $500,000, $360,000 in loan payments is paid each year, and $110,000 is used for personal income, we are left with $30,000.

The first year about $107,000 will go to principal, and maybe I can write off $35,000 through the business. So income taxes will be assessed on $107,000+$75,000=$182,000. In following years, this will only rise as loan payments become more principal and less interest. How can I afford taxes on $200,###-###-#### ,000 with only $30,000 left after loan payments and personal income??

Thank you for your time and help!