Glossary · Reading the business
Field Exam
In short
A Field Exam is an on-site review of a business's accounts receivable and inventory by a third-party examiner, typically for asset-based loans. It verifies the existence and quality of these assets.
What it means in a deal
While more common for asset-based lines of credit, some SBA lenders may require a Field Exam as part of their due diligence, especially for deals with significant inventory or receivables. This exam helps the lender confirm the collateral value and ensure the business's records accurately reflect its assets. Be prepared to provide detailed documentation and access to your operations.
Related terms
Common questions about Field Exam
Defined by CapBench SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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