Glossary · Reading the business
In short
These are financial statements (like P&L and Balance Sheet) prepared for a period shorter than a full fiscal year, typically quarterly or monthly, to show recent performance. They provide a current snapshot of the business's health beyond the last tax return.
You'll need Interim Financials during due diligence to see how the business is performing right now, not just historically. Lenders require them to ensure the business hasn't declined since its last tax filing, especially if the deal takes a few months to close. Always compare them to prior periods and tax returns.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
Pressure-test the numbers before you make an offer
Send us the asking price and the seller's cash flow — we'll show whether the deal services SBA debt and where the add-backs are likely to hold up.
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