Most overviews of the 7(a) program for business buyers explain the headline rules and stop. Here's what searchers usually trip on — equity injection sourcing, partner-buyout exception, working-capital sizing, and the seller-note standby clock.
Insights
Playbooks & analyses for self-funded acquirers
diligence
DSCR as SBA lenders actually calculate it (not the version in the guide)
Searchers run a DSCR formula, get 1.4x, and assume the deal is bankable. The lender then tightens the inputs and lands at 1.05x. Here's what changes between the buyer's spreadsheet and the credit memo.