I'm working on a deal, currently in LOI negotiations, for a services business in the low seven figures. The ideal structure is mostly seller financed with no new SBA 7(a) loan, and the seller's existing EIDL has become a key piece of it. The idea is for me to assume the EIDL as part of an asset purchase and release the sellers as guarantors as soon as possible. Has anyone here made this work? I'd love to hear how the process went with the SBA, what I can expect, and whether you had a Plan B in case the assumption didn't go through. Any firsthand experience or referrals to attorneys or advisors who have handled this are very welcome.