Discount for Lack of Marketability (DLOM) isn’t just for minority interests.

Even if you own the whole business, you can’t cash out tomorrow. That illiquidity matters—and it’s why DLOMs are justified even for controlling stakes.

Takeaway for SBA lenders: The DLOM reflects real economic friction. It’s not about control—it’s about marketability.

Check out our article and video on this topic!