{"ok":true,"canonical_url":"https://dealroom.so/glossary/current-appraisal","api_url":"https://dealroom.so/api/public/glossary/current-appraisal","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"current-appraisal","term":"Current Appraisal","group":"Reading the business","definition":"A recent professional valuation of real estate or equipment to determine its fair market value. Lenders require this to assess collateral for an SBA loan.","what_it_means":"For any real estate or significant equipment serving as collateral, the SBA lender will require a current appraisal performed by an independent, qualified appraiser. This ensures an accurate and unbiased valuation of the assets pledged. Factor the cost of these appraisals into your closing expenses.","url":"https://dealroom.so/glossary/current-appraisal","official_sources":[{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"},{"slug":"13-cfr-part-120","title":"13 CFR Part 120 — Business Loans","official_url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120","official_label":"View on eCFR","authority_tier":1,"publisher":"Office of the Federal Register","source_guide_url":"https://dealroom.so/sba-7a/sources/13-cfr-part-120"}],"related":[{"slug":"appraisal","term":"Appraisal","url":"https://dealroom.so/glossary/appraisal"},{"slug":"fair-market-value","term":"Fair market value","url":"https://dealroom.so/glossary/fair-market-value"},{"slug":"appraiser","term":"Appraiser","url":"https://dealroom.so/glossary/appraiser"},{"slug":"collateral-analysis","term":"Collateral analysis","url":"https://dealroom.so/glossary/collateral-analysis"}],"related_questions":[{"question":"What are the current size standards for a manufacturing business eligibility?","url":"https://dealroom.so/for-lenders/questions/what-are-the-current-size-standards-for-a-manufacturing-business-eligibility"},{"question":"Is an independent appraisal always required when an acquisition includes significant goodwill?","url":"https://dealroom.so/sba-7a/questions/is-an-independent-appraisal-always-required-when-an-acquisition-includes-significant-goodw"},{"question":"When is an independent appraisal required for non-real estate business assets being acquired?","url":"https://dealroom.so/sba-7a/questions/when-is-an-independent-appraisal-required-for-non-real-estate-business-assets-being-acquir"},{"question":"Can I use an SBA 7(a) loan to expand my current business operations?","url":"https://dealroom.so/sba-loans/basics/can-i-use-an-sba-7-a-loan-to-expand-my-current-business-operations"},{"question":"What are the current alternative base rate options for variable rate 7(a) loans?","url":"https://dealroom.so/for-lenders/questions/what-are-the-current-alternative-base-rate-options-for-variable-rate-7-a-loans"},{"question":"Does the SBA require an independent business appraisal for a business acquisition costing $400,000?","url":"https://dealroom.so/sba-7a/questions/does-the-sba-require-an-independent-business-appraisal-for-a-business-acquisition-costing-"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Current Appraisal","url":"https://dealroom.so/glossary/current-appraisal","source_type":"DealRoom Data"}}