Is the Bank (SBA) Valuation usually on point?
The bank's valuation: is it usually on point or does it tend to come in higher (or lower) than the proposed deal terms?
I'm wondering what one should expect.
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by a searcher
in Petaluma, CA, USA
in Petaluma, CA, USA
2yrs ago
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by a searcher
2yrs ago
in Petaluma, CA, USA
in Petaluma, CA, USA
Thank you, I meant a business valuation and have edited the post to clarify.
Since the bank commissions the valuation after having underwritten the SBA loan and issued a commitment letter, I was wondering if it's usually a formality and the appraiser backs into a similar or higher number.
Since the bank commissions the valuation after having underwritten the SBA loan and issued a commitment letter, I was wondering if it's usually a formality and the appraiser backs into a similar or higher number.
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by a lender
1yr ago
from Washington University in St. Louis in St. Louis, MO, USA
from Washington University in St. Louis in St. Louis, MO, USA
Business valuations for my buyers have been higher than the contracted sales price frequently. If the valuation is below the contracted price, there are a few workarounds. redacted
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