“Value,” like beauty, is subjective – what the business is worth to the owner may not be what it is worth to the market. But if a business is to be sold, its value must be objectively determined – a sticking point for the lenders involved in the transaction. -Dan Doran
On Monday, Banking New York published Dan’s Inside the Business Valuation Process: A Primer for Commercial Lenders. This article is a great read for those lenders looking for the inside scoop on SBA standard operating procedures and is full of advice and information for finding and selecting a qualified valuation firm.