{"ok":true,"canonical_url":"https://dealroom.so/glossary/opening-balance-sheet","api_url":"https://dealroom.so/api/public/glossary/opening-balance-sheet","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":"opening-balance-sheet","term":"Opening Balance Sheet","group":"Reading the business","definition":"The balance sheet of the acquired business immediately after the sale, reflecting new ownership, purchase price allocation, and the new loan. It's a snapshot of the business's financial health post-acquisition.","what_it_means":"This document is crucial for understanding the financial structure of the business you now own. It shows how the purchase price was allocated among assets and liabilities, including goodwill and your new SBA loan. Ensure it accurately reflects the deal terms and provides a solid foundation for future financial reporting.","url":"https://dealroom.so/glossary/opening-balance-sheet","official_sources":[],"related":[{"slug":"balance-sheet","term":"Balance Sheet","url":"https://dealroom.so/glossary/balance-sheet"},{"slug":"goodwill","term":"Goodwill","url":"https://dealroom.so/glossary/goodwill"},{"slug":"asset-purchase","term":"Asset purchase","url":"https://dealroom.so/glossary/asset-purchase"},{"slug":"working-capital","term":"Working capital","url":"https://dealroom.so/glossary/working-capital"}],"related_questions":[{"question":"Can an SBA 7(a) loan be used for business expansion, like opening a new location?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-be-used-for-business-expansion-like-opening-a-new-location"},{"question":"Is an SBA 7(a) loan suitable for growing my existing business or opening a second location?","url":"https://dealroom.so/sba-loans/basics/is-an-sba-7-a-loan-suitable-for-growing-my-existing-business-or-opening-a-second-location"},{"question":"What is the maximum total outstanding balance for all SBA 7(a) loans to one business?","url":"https://dealroom.so/sba-loans/basics/what-is-the-maximum-total-outstanding-balance-for-all-sba-7-a-loans-to-one-business"},{"question":"What is the prepayment penalty calculation for a 7(a) loan with a principal balance exceeding $500,000?","url":"https://dealroom.so/for-lenders/questions/what-is-the-prepayment-penalty-calculation-for-a-7-a-loan-with-a-principal-balance-exceedi"},{"question":"Can a personal guaranty be released if the business performs exceptionally well and the loan balance is significantly reduced?","url":"https://dealroom.so/sba-7a/questions/can-a-personal-guaranty-be-released-if-the-business-performs-exceptionally-well-and-the-lo"},{"question":"Is there a prepayment penalty for early repayment of my SBA 7(a) loan if the principal balance is under $500,000?","url":"https://dealroom.so/sba-7a/questions/is-there-a-prepayment-penalty-for-early-repayment-of-my-sba-7-a-loan-if-the-principal-bala"}]},"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 — Opening Balance Sheet","url":"https://dealroom.so/glossary/opening-balance-sheet","source_type":"DealRoom Data"}}