Glossary · Reading the business
Professional Compilation
In short
A basic financial statement service where an accountant presents financial information without offering assurance on its accuracy or completeness. It's less rigorous than a review or audit.
What it means in a deal
For small business acquisitions, you'll often see compiled financial statements. While useful for understanding the business's reported financials, remember the accountant hasn't verified the underlying data. Always supplement compilations with your own due diligence, reviewing source documents and bank statements to confirm figures.
Related terms
Common questions about Professional Compilation
- What is the importance of a professional business valuation for an acquisition?
- Can professional fees I've already paid (e.g., legal, valuation) count towards my equity injection?
- Can an SBA 7(a) loan cover closing costs and professional fees for a business acquisition?
- Can a professional license or intellectual property I developed be valued and count towards the 10% equity?
- What is the importance of a professional business valuation for an acquisition with an SBA 7(a) loan?
- Can professional fees incurred during the due diligence phase, like attorney or accountant fees, count towards my equity injection?
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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