{"ok":true,"canonical_url":"https://dealroom.so/glossary/finished-goods","api_url":"https://dealroom.so/api/public/glossary/finished-goods","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":"finished-goods","term":"Finished Goods","group":"Reading the business","definition":"These are products that have completed the manufacturing process and are ready for sale to customers. They represent a key component of inventory and directly contribute to revenue generation.","what_it_means":"As part of inventory, Finished Goods are typically part of a business's current assets and can serve as collateral for an SBA loan. During due diligence, evaluate the age, condition, and marketability of finished goods to avoid acquiring obsolete inventory that ties up capital. High inventory turnover is usually a positive sign.","url":"https://dealroom.so/glossary/finished-goods","official_sources":[],"related":[{"slug":"inventory","term":"Inventory","url":"https://dealroom.so/glossary/inventory"},{"slug":"work-in-process","term":"Work-in-Process","url":"https://dealroom.so/glossary/work-in-process"},{"slug":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"working-capital","term":"Working capital","url":"https://dealroom.so/glossary/working-capital"}],"related_questions":[]},"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 — Finished Goods","url":"https://dealroom.so/glossary/finished-goods","source_type":"DealRoom Data"}}