When it comes to the M&A business, there are those who have never done a deal before and believe they know everything, and there are those who are experienced but often make ill-advised mistakes. 

The Uniform Standards of Professional Appraisal Practice as declared by the Appraisal Institute of Washington, DC are changing dramatically and the experts need to stay current. Whether you are a seasoned practitioner or just starting, the rules of engagement relative to business valuation are constantly evolving. The courts are setting more and more precedents, the experts are getting better, and there are more online valuation sources that “seem” to make economic sense.

An asset-based loan is different from a cash flow loan in the sense that the loan is not secured by the amount of cash flow that a business accrues but instead by the company’s assets. This could include real estate, inventory, equipment, accounts receivable (A/R) or other forms of collateral.