Lender Site Visit?

October 06, 2025

by a searcher from Georgia Institute of Technology - Ernest Scheller Jr. College of Business in New York, NY, USA

I’m currently in underwriting with an SBA lender for a business acquisition, and they’re scheduled to conduct a site visit at the company’s facility in the coming days to meet with the seller and me. I assume the primary focus will be verifying that the business and its assets exist, reviewing the transition plan, gaining a better understanding of operations, etc. That said, I wanted to reach out to the community for any advice on what else we should be prepared for.

1 Like

12 Replies

235 Views

Replies

Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA

Shane, you hit the nail on the head. The SBA requires all lenders do a site visit prior to closing. Some lenders make it a formal thing where the lending officer actually comes out to meet with you and the seller and does an extensive visit, while other lenders just hire a third party firm to show up, take pictures, and confirm the business exists. Assuming in your case the lending officer is actually coming to the site, then I would just be prepared to meet with them, tour the business, and be ready to answer questions. You may want to set a time apart in advance of the visit to meet with the lender and go through what the seller knows or does not know about your financing or to answer personal questions, as I doubt you want those items to come up during the site visit in front of the seller. If you have any additional questions you can reach me here or directly at redacted

Reply by a searcher
from Harvard University in New York, NY, USA

Hi Shane, wanted to echo what Brad saoid, and also share that in my case, it was the "third party showing up to take pictures and confirm the business exists". We used this approach because employees were not aware of the process. All the lender's questions in this case were addressed lender DD, and valuation. I would perhaps leverage what you have done for those processes to prep.

+10 more replies.

Join the discussion