💡 In SBA valuations, working capital can quietly make—or break—a deal.

When calculating free cash flow and total value, we ask:

✔️ What working capital is actually being transferred?
✔️ Will the buyer have enough to run the business Day 1?
✔️ Is there a working capital deficit they’ll need to fund?

Ignoring working capital? That’s like handing someone a car with no gas.