DO I NEED AN SBA BUSINESS APPRAISAL?
MAYBE. The SBA Standard Operating Procedures note that an independent, qualified appraisal is required if “the amount being financed…minus the appraised value of the real estate and/or equipment being financed is greater than $250,000 or if there is a close relationship between the buyer and seller.”
YES. If you would like an appraisal to assist you in making the determination that the seller’s asking price is supported.
What can I expect in going through the SBA appraisal process?
LOW STRESS. Once you have established a purchase price, determined deal terms, and selected your SBA banking source, you will then be directed to a qualified business valuation source if you meet the requirements above. Our process is simple – we request documents, have a conversation, prepare our analysis, and turn the business appraisal around so you can finalize your deal.
If I have not determined the purchase price, can you help?
YES. Please contact us to discuss.
What is your turnaround time?
FAST. Once all documents are received by Blue Sky you will receive the final valuation report within 2-3 weeks. We have the ability to turn a project around more quickly for an additional fee.
Can I use this appraisal report for other purposes?
NO. Please contact us to discuss your valuation needs.
Do you provide valuations for other purposes?
YES. We are happy to discuss valuations for other purposes. Our experience in valuation is not limited to SBA appraisals.
Do you offer other services?
YES. We are skilled at asking the right questions to determine how we can help you. Please contact us to discuss.