SBA’s Recent SOP Changes

July 18, 2023

In today’s market, most financing for complex going-concern valuations of gas station and car wash properties are performed by SBA lenders. The purpose of this article is to address two important issues as they pertain to gas station and car wash going-concern appraisals, 1) new appraiser requirements (qualified source) and 2) 25-year remaining economic life threshold. Let’s begin with SBA’s current appraisal requirements as taken from their most recent SOP (Standard Operation Procedures).

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