When structuring a self funded search / independent sponsor deal funded with maximum SBA debt, obviously the intent is for the sponsor to retain as much equity as possible, Moving forward, how have you seen those debt service payments treated?

Are they treated the same as in a traditional single owner business or as distributions since they are essentially covering sponsor debt? i.e. - Does the equity partner receive a monthly distribution to match the DSC in their pro rata share?

My assumption is this is up for negotiation but I would be curious as to how it has worked for others.