{"ok":true,"canonical_url":"https://dealroom.so/glossary/work-in-process","api_url":"https://dealroom.so/api/public/glossary/work-in-process","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":"work-in-process","term":"Work-in-Process","group":"Reading the business","definition":"This refers to goods that have begun the manufacturing process but are not yet finished products. It's part of a company's inventory and represents costs incurred but not yet realized as revenue.","what_it_means":"In manufacturing or service businesses, Work-in-Process (WIP) can be a significant current asset. During due diligence, assess the value and salability of WIP, as it affects the business's working capital needs and potential collateral value. Understand the typical cycle for WIP to become Finished Goods, as this impacts cash flow.","url":"https://dealroom.so/glossary/work-in-process","official_sources":[],"related":[{"slug":"inventory","term":"Inventory","url":"https://dealroom.so/glossary/inventory"},{"slug":"finished-goods","term":"Finished Goods","url":"https://dealroom.so/glossary/finished-goods"},{"slug":"working-capital","term":"Working capital","url":"https://dealroom.so/glossary/working-capital"},{"slug":"current-asset","term":"Current asset","url":"https://dealroom.so/glossary/current-asset"}],"related_questions":[{"question":"What exactly is an SBA 7(a) loan and how does it work?","url":"https://dealroom.so/sba-loans/basics/what-exactly-is-an-sba-7-a-loan-and-how-does-it-work"},{"question":"What is an SBA 7(a) loan and how does it generally work?","url":"https://dealroom.so/sba-loans/basics/what-is-an-sba-7-a-loan-and-how-does-it-generally-work"},{"question":"Does my past work experience matter when applying for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/does-my-past-work-experience-matter-when-applying-for-an-sba-7-a-loan"},{"question":"What role do business brokers play in the SBA 7(a) loan process?","url":"https://dealroom.so/sba-loans/basics/what-role-do-business-brokers-play-in-the-sba-7-a-loan-process"},{"question":"What is the role of an \"SBA Preferred Lender\" in the application process?","url":"https://dealroom.so/sba-loans/basics/what-is-the-role-of-an-sba-preferred-lender-in-the-application-process"},{"question":"What are the main steps in the SBA 7(a) loan application process?","url":"https://dealroom.so/sba-loans/basics/what-are-the-main-steps-in-the-sba-7-a-loan-application-process"}]},"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 — Work-in-Process","url":"https://dealroom.so/glossary/work-in-process","source_type":"DealRoom Data"}}