See the whole file, worked to the dollar.
A $7.0M acquisition under the July 2026 rules: the 7(a) + 504 split, a seller note on full standby, 1.50x coverage, and a downside case at 1.15x, under the 1.25x the SBA requires for a first-time purchase from October 1, 2026.
Short on time? The one-page summary is free, no email: download the PDF. Or rough out your own stack first.
What the full version adds over the PDF
- Sources and uses to the dollar, including the injection math and where every piece of the $700,000 comes from.
- Both coverage cases: 1.50x as structured, and the all-on-7(a) downside that lands at 1.15x, with the fix.
- The SBA exposure math against the $10M combined cap, and the $5.8M of headroom this structure leaves the buyer.
- The deal-breaker list: each item an underwriter would flag, and the structural answer to it.
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