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Small Business Administration Loans

Small Business Administration Loans

The Small Business Administration (SBA) is a government agency that was created to assist small-business owners with their financing needs. According to the SBA Standard Operating Procedure (SOP) 50 10 5(C), when the loan amount is higher than $250,000 or if there is a close relationship between buyer and seller, the lender must obtain a SBA business valuation by an independent, qualified business appraiser.

A qualified source for SBA business valuation reports is defined as either:

SBA Loan Checklist

By following this checklist, it is easy to determine whether a valuation is required for a particular SBA loan:

The valuation provisions only apply to the 7(a) program.

If no, go to Step 3. If yes, is the debt being refinanced originally used to finance a change in ownership?
If yes, a valuation is required.

If yes, go to the next step. If no, then no valuation is required.

If yes, skip the remaining steps because a valuation is required. If no, go to the next step.

Financing from all sources including 7(a), 504, seller, and any other sources must be included.

If yes, a valuation is required. If no, no valuation is required. If an appraisal is needed, you need to obtain a business valuation from an SBA qualified appraiser. 

Why Work with Circumference Valuations?

There are several advantages working with Circumference Valuations:

With a Circumference Valuation, a SBA guaranteed business loan is much more attainable.

What a Summary Valuation Report Provides

This level of report will establish a documented opinion of value by a credentialed appraiser for:

Learn More

To learn more about valuations for Small Business Administration loans, contact the experts at Circumference Valuations by calling (877) 988-0911 or online. GO

Other Situations Benefitting from Valuations:

Divorce  |  Retirement or Estate Planning  |  Buying or Selling a Business or Professional Practice

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