Determining the value of a small, privately owned business is a challenging task.  To do so properly requires skill, a lot of research, analysis, and a strong understanding of the business being valued and the space in which it operates.  Unfortunately, the topic of business valuation is far too large to teach in a blog…

When a borrower is seeking an SBA loan to fund a business acquisition, meaning there is a change of ownership, an independent business appraisal may be required.  The conditions that trigger an independent appraisal are outlined in the current version of the SBA’s Standard Operating Procedures, SOP 50 10 5(H), in effect since May of…

So I’ve been asked if the work we do is termed a ‘business valuation’ or a ‘business appraisal.’  It is a good question; intuitively we all understand they both mean effectively the same thing.  But after being asked several times, I wondered if there could be some trivial, technical difference between the two I wasn’t…