In order for me to commit and quit my current job, the size deals I am looking at are above SBA limits (probably more in the 10M purchase price range). As a funding strategy, I would be looking to inject about 500K and would need a seller to do the same as part of the 10% injection and then would need to finance the rest between SBA/conventional lenders. Wondering how frequent this pari passu lending gets approved and if what I am seeking is actually a viable option. Would love anyones thoughts/experiences/feedback here, etc. Have to stay anon for now, as I need to keep my current position until ready to close on something. Thanks in advance.
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