{"ok":true,"canonical_url":"https://dealroom.so/glossary/nada-guide","api_url":"https://dealroom.so/api/public/glossary/nada-guide","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":"nada-guide","term":"NADA Guide","group":"Reading the business","definition":"This is a widely used valuation guide for vehicles, boats, and other equipment. Lenders often use it to assess the fair market value of vehicles included as business assets or collateral.","what_it_means":"If the business includes vehicles or heavy equipment, the lender will use the NADA guide (or similar appraisal service) to determine their value for collateral purposes. Don't assume the seller's stated value is accurate; the NADA guide provides an objective, third-party assessment. Factor this into your due diligence to ensure the collateral base is sufficient for the loan.","url":"https://dealroom.so/glossary/nada-guide","official_sources":[],"related":[{"slug":"appraisal","term":"Appraisal","url":"https://dealroom.so/glossary/appraisal"},{"slug":"business-assets","term":"Business Assets","url":"https://dealroom.so/glossary/business-assets"},{"slug":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"fair-market-value","term":"Fair market value","url":"https://dealroom.so/glossary/fair-market-value"}],"related_questions":[{"question":"What are the SBA's specific guidelines for acceptable collateral life insurance policies?","url":"https://dealroom.so/sba-7a/questions/what-are-the-sba-s-specific-guidelines-for-acceptable-collateral-life-insurance-policies"}]},"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 — NADA Guide","url":"https://dealroom.so/glossary/nada-guide","source_type":"DealRoom Data"}}