Glossary · Reading the business
Interim financial statement
In short
Financial reports for a period shorter than a full fiscal year, like quarterly or monthly statements. Buyers use these to see recent performance beyond annual tax returns.
What it means in a deal
During due diligence, you'll review interim financial statements alongside annual tax returns to get a current view of the business's profitability and cash flow. Look for consistency and ensure performance hasn't declined since the last full fiscal year-end.
Official sources
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Related terms
Common questions about Interim financial statement
- What if my personal financial statement shows low liquid assets?
- How important is my personal financial statement for an SBA 7(a) loan application?
- What is a 'personal financial statement' and why is it needed for an SBA 7(a) loan?
- What does a 'personal financial statement' entail and why is it needed for an SBA 7(a) loan?
- When is a personal financial statement (SBA Form 413) required for non-owner guarantors of a 7(a) loan?
- What if my personal financial statement shows low liquidity, but I have a strong credit score and business plan?
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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