I'm looking for some advice from those who have used a HELOC to partially fund a self-funded search acquisition. Unfortunately, due to the recent SBA eligibility changes, SBA financing is no longer an option for my transaction. I'm acquiring the business through a ROBS structure (C-corp) and have most of the equity covered. I'm considering whether to use HELOC to fund the remaining portion or a commercial acquisition loan. Commercial loan also require PG equivalent to 80% of loan, putting a lien on the property. My questions are primarily around the tax and cash flow mechanics: - Since the HELOC would be in my personal name, how is repayment typically handled? - Can the corporation make the interest payments directly, or does it reimburse me? - Is the interest tax deductible to the business, or is it only deductible personally (if at all)? - How is principal repayment typically handled? Does it effectively have to come from salary or dividend distributions from the C-corp? - If that's the case, am I effectively paying the 21% corporate tax first and then personal tax on the distribution before I can repay the HELOC? For those who have gone down this route, how did you structure it, and were there any tax or legal pitfalls you wish you had known beforehand? Appreciate any insights from those with firsthand experience.