Glossary · Reading the business
In short
A basic financial statement service where an accountant presents financial information without offering assurance on its accuracy or completeness. It's less rigorous than a review or audit.
For small business acquisitions, you'll often see compiled financial statements. While useful for understanding the business's reported financials, remember the accountant hasn't verified the underlying data. Always supplement compilations with your own due diligence, reviewing source documents and bank statements to confirm figures.
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.
Free · No documents · Usually same-day