{"ok":true,"canonical_url":"https://dealroom.so/glossary/site-visit","api_url":"https://dealroom.so/api/public/glossary/site-visit","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":"site-visit","term":"Site Visit","group":"Reading the business","definition":"A physical inspection of the business premises by the lender or an appraiser. It verifies the business's existence, condition of assets, and operational reality.","what_it_means":"Before closing, your lender will conduct a site visit to confirm the business's physical location, observe operations, and assess the condition of major assets like equipment and inventory. This visit helps validate information provided in financial statements and appraisals, ensuring there are no major discrepancies or red flags that could impact the loan.","url":"https://dealroom.so/glossary/site-visit","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"}],"related":[{"slug":"appraisal","term":"Appraisal","url":"https://dealroom.so/glossary/appraisal"},{"slug":"due-diligence","term":"Due diligence","url":"https://dealroom.so/glossary/due-diligence"},{"slug":"inventory","term":"Inventory","url":"https://dealroom.so/glossary/inventory"},{"slug":"leasehold-improvement","term":"Leasehold improvement","url":"https://dealroom.so/glossary/leasehold-improvement"}],"related_questions":[{"question":"What specific factors would prompt the SBA to review a lender's 'prudent lending standards' during an oversight visit?","url":"https://dealroom.so/for-lenders/questions/what-specific-factors-would-prompt-the-sba-to-review-a-lender-s-prudent-lending-standards-"},{"question":"Under what conditions is a Phase II Environmental Site Assessment required for 7(a) loan collateral?","url":"https://dealroom.so/for-lenders/questions/under-what-conditions-is-a-phase-ii-environmental-site-assessment-required-for-7-a-loan-co"},{"question":"When does the SBA require an environmental Phase II Site Assessment for 7(a) loan real estate collateral?","url":"https://dealroom.so/for-lenders/questions/when-does-the-sba-require-an-environmental-phase-ii-site-assessment-for-7-a-loan-real-esta"},{"question":"When is a Phase II Environmental Site Assessment required for a 7(a) loan, beyond a Phase I?","url":"https://dealroom.so/for-lenders/questions/when-is-a-phase-ii-environmental-site-assessment-required-for-a-7-a-loan-beyond-a-phase-i"},{"question":"If the business I'm acquiring includes real estate, is an environmental site assessment always required for the property?","url":"https://dealroom.so/sba-7a/questions/if-the-business-i-m-acquiring-includes-real-estate-is-an-environmental-site-assessment-alw"},{"question":"When is a Phase II Environmental Site Assessment (ESA) required for real estate collateral in a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/when-is-a-phase-ii-environmental-site-assessment-esa-required-for-real-estate-collateral-i"}]},"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 — Site Visit","url":"https://dealroom.so/glossary/site-visit","source_type":"DealRoom Data"}}