Glossary · Reading the business
In short
This is a report from an independent professional evaluating a specific aspect of the business, like an appraisal or environmental assessment. Lenders often require these to verify assets or uncover risks.
Expect to pay for third-party reports such as business valuations, appraisals of real estate or equipment, and environmental site assessments. These reports provide objective data for the lender's underwriting and help you understand the true condition and value of the assets you're acquiring.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
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.
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