Greetings!

I've heard a bunch of people on podcasts (hosts and guests) talk about an "add-on" acquisition (for a business already financed through SBA) being 100% finance-able.

When I've spoken to a couple of actual lenders, including the lender on my first loan, they told me I still need to cover 5-10% percent of the equity. This is with the seller carrying 35% (not specifically structured on stand-by, but I think I'll be able to get the seller to agree to having some of it done this way).

So, anyone with experience in this - how does it really work? How can I get an an add-on 100% financed? Or is it not really possible?

Thank you!