Glossary · People and paperwork
In short
This is a professional qualified to perform business valuations or real estate appraisals according to state and federal standards. Lenders rely on their independent assessment of value.
For certain deal sizes or if real estate is involved, the SBA requires an appraisal from one of these professionals. They provide an objective valuation of the business or collateral. You'll likely pay for this report, so understand its purpose and how it impacts the loan-to-value.
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
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.
Know what you'll need before you apply
Tell us about the deal and who's buying — we'll flag the guaranty, eligibility, and paperwork issues that slow SBA approval before they cost you time.
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