For brokers and M&A advisors
SBA Listing Financeability Review for Business Brokers
Policy update: SBA SOP 50 10 8.1 took effect October 1, 2026. This guidance was reviewed before that change and is due for review. Confirm current transaction requirements with your lender and the official SBA SOP.
Emporio's listing financeability review helps a broker identify price, cash-flow, documentation, seller-note, working-capital, and lender-fit issues before investing weeks in the wrong financing path. It does not make the listing SBA approved and does not approve any buyer.
Transparent methodologyPolicy as of 2026-08-15Preliminary, not a loan approval
What to submit
What to submit
- Three years of business tax returns.
- Current YTD P&L and balance sheet.
- Debt schedule and lease or occupancy details.
- Add-back schedule and supporting records.
- CIM or business overview.
- Asking price, working-capital need, and proposed structure.
- Known customer concentration, ownership, or eligibility issues.
What the report includes
What the report includes
- Normalized historical cash-flow range.
- Indicative financeable price range and modeled DSCR.
- Buyer-equity and seller-debt assumptions.
- Working-capital and documentation gaps.
- Eligibility and lender-fit flags.
- A status of likely financeable, structure-dependent, documentation-dependent, or not currently financeable.
Important distinction
Important distinction
Business-level financeability is not buyer approval. A final structure still depends on the buyer, lender, valuation, eligibility, underwriting, collateral, and closing documentation.
Authored and reviewed by Emporio Partners
Historical policy basis: SBA SOP 50 10 version 8, effective 2025-06-01. Version 8.1 took effect 2026-10-01; this guidance has not yet been substantively reviewed against that update.
Primary policy source
Educational planning guidance only. Emporio Partners is not a lender and does not issue approvals, pre-approvals, commitments, or guarantees. Lenders determine eligibility, eligible cash flow, structure, terms, and approval.
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