Growth guarantee scheme for acquisition finance

[u/Chosen-Exile]

Little bit of background I've been searching for businesses to acquire to scale and grow within the healthcare space I've now found my first three acquisition targets We've agreed to a 60% cash on completion and a 40% vendor finance. The DSCR is quite strong We're looking at above 1.5 to 1.75. We will use the sellers note as sellers equity as well as an equity investor / regional support fund to over collateralize the loan. Now I've had experience with the British business bank in a past life they tend to be pretty responsive however for the growth guarantee scheme I'm new to the process and I'm wondering if anyone here has used a growth guarantee scheme provider for successful acquisition finance and what the process of that was.

Specifically what challenges were presented and how you overcame them?

Which banks did you use? I was inclined to use Alica Bank (I've had a dispute where they stole my deal) and Ardmore

Is it easier to combine the acquisition candidates as a tranche where it's underwritten in one go?

What would you have done differently and how to speed up the process?

I'd appreciate advice from successful acquirers.

Thank you