Scenario:
- Two searchers partner on a deal, let's say 50% equity each.

  • Hypothetically, the searchers close on a deal and the SBA loan is $2MM.
    - Both are now PG'ing the SBA loan.
    - However, one of the searchers wants to maintain their full SBA loan allowance ($5mm).

    Questions:
    1.) Would 50% of the $2MM be assigned to each of the searchers? (e.g. $1MM to searcher 1, and $1MM to searcher 2)
    2.) Can one searcher take the full $2MM SBA loan allowing the other searcher to not exhaust their SBA limit? (e.g. $2MM to searcher 1, and $0MM to searcher 2)