SBA Loans In Chicago
Why Is a Valuation Necessary for an SBA Loan?
For many years, the SBA (Small Business Administration) has been a source
of financing for small businesses throughout the country. At one time
it was considered to be a much more simple and easy process to get approved
for one of these loans.
However, due to economic conditions and a number of other factors, the
process has become much more challenging for getting funds to finance:
- Your business
- Real estate venture
- Or capital expansion
There are a number of provisions that the SBA included in its SOP (standard
operating procedures), one of which requires that you have a business
valuation appraisal from a qualified appraiser before being approved for
an SBA loan. Fortunately, our team at
Gibraltar Business Valuations is here to assist you.
Call our business appraisers
today if you are ready to begin!
When Should You Hire an Appraiser?
With over 30 years of experience in the industry and extensive training,
we are highly qualified to handle your SBA loan valuation services.
Our team is always working to educate ourselves and stay up to date on
the ever-changing rules and regulations surrounding small business loans
and other related endeavors. We provide you with a thorough business valuation
to submit for your SBA loan.
There are several different loan programs offered by the SBA, including:
- General small business loans
- Microloan program loans
- Real estate and equipment loans
- Disaster loans
Depending on the type of loan you are pursuing, there may be different
requirements involved. It is always good to be as informed as possible
on the steps needed for your particular business goals.
Thoroughly & Expertly Prepared Business Valuations
The main reason for having a
business valuation prepared for an SBA loan is to help determine whether the acquisition
price of a business is fair. Of course, the procedure involved in a valuation
for a small or family-owned and operated business is much different than
that for a larger corporate company.
The same general concepts may apply, but the methods and data included
must be adapted and adjusted appropriately. At Gibraltar Business Valuations,
we do our research in order to provide you with a well-prepared valuation
that meets your business needs.
Do not hesitate to call our business valuation professionals at (855) 231-1401!
You can also
fill out an online form
to tell us more about your business.