Just a quick point of clarification, in a traditional search fund deal, does the searcher use SBA loans as part of the final capital structure of the deal?
If so, how do they deal with the Personal Guarantee of the SBA loan? Do the investors also agree to PGing the loan? (I find that hard to believe). If not, then the searcher is comfortable having all the downside exposure to the loan?
Quick Question about how Search Fund Deals and SBA Loans
by a searcher from Harvard University
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Then there are 10 other categories of capital. Why not see all available options. That's what I share with my clients. If you want to talk more...let me know. Happy to share what I know.
thanks
Dan