SBA Answers to Congress on Going Concern Reviewed by Momizat on . Fifteen U.S. Representatives have sent a letter to the U.S. Small Business Administration (SBA) seeking clarification as to why the agency changed its requireme Fifteen U.S. Representatives have sent a letter to the U.S. Small Business Administration (SBA) seeking clarification as to why the agency changed its requireme Rating: 0
You Are Here: Home » Valuation/Appraisal » SBA Answers to Congress on Going Concern

SBA Answers to Congress on Going Concern

real estate going concern value

Fifteen U.S. Representatives have sent a letter to the U.S. Small Business Administration (SBA) seeking clarification as to why the agency changed its requirements regarding real estate appraisers handling going concern appraisals for special use properties. In 2011, the SBA allowed appraisers to take on such projects after completing an eligibility course. As of January 2014, the agency changed its valuation requirements involving business and intangible assets in situations where there is a change in ownership, a special use property and a residual business value of more than $250,000 to the loan amount. In these situations, the SBA now requires lenders to obtain a separate business appraisal from an appraiser holding a certification or designation from one of five business valuation organizations. Under pressure from the real estate industry, the Congressional members are asking the SBA to provide “details and analysis” as to why an experienced appraiser isn’t qualified to handle going concern appraisals.

The National Association of Certified Valuators and Analysts (NACVA) supports the users of business and intangible asset valuation services and financial forensic services, including damages determinations of all kinds and fraud detection and prevention, by training and certifying financial professionals in these disciplines.

Number of Entries : 1508

©2017 NACVA and the Consultants' Training Institute • (800) 677-2009 • 5217 South State Street, Suite 400 Salt Lake City, UT USA 84107

event themes - theme rewards

UA-49898941-1
lw