Use this guide to evaluate whether working capital (WC) has been properly addressed in a business valuation and underwriting for SBA lending purposes. Step 1: Identify WC Components Accounts Receivable (AR) Inventory Accounts Payable (AP) Accrued expenses Step 2: Evaluate Treatment in Valuation Is WC included in the purchase price or treated as a separate … Continue reading Working Capital Guide
SBA loans
Mapping The 7 Deadly Sins of Valuation to SBA SOP & Underwriting Concerns
Use this matrix to connect valuation red flags with SBA SOP requirements and underwriting risk categories. Deadly SinSBA SOP 50 10 8 / Underwriting ConcernWhy It Matters1. Confusing Fair Market Value with Strategic ValueSBA requires FMV standardStrategic value misleads stakeholders and may result in overvaluation unsupported by market participants.2. Incorrect Adjustments to Financial StatementsAffects global … Continue reading Mapping The 7 Deadly Sins of Valuation to SBA SOP & Underwriting Concerns
Strategic Creep Review Tool
Use this tool to identify when a purchase price or business valuation has drifted from Fair Market Value (FMV) into buyer-specific strategic assumptions. FMV vs. Strategic Value Recap FMV = Value to a hypothetical buyer in an open market Strategic Value = Value to a specific buyer based on synergies or integration Red Flag Phrases … Continue reading Strategic Creep Review Tool
The 19th Annual Robert M. Clinger III Invitational Golf Tournament
FOR IMMEDIATE RELEASE The 19th Annual Robert M. Clinger III Invitational Myrtle Beach, South Carolina, February 18, 2025—The 19th Annual Robert M. Clinger III Invitational was contested on Monday, February 17, 2025 at The Dunes Golf & Beach Club in Myrtle Beach, South Carolina. The field of eighty-four players braved the cold and wind for … Continue reading The 19th Annual Robert M. Clinger III Invitational Golf Tournament
The 18th Annual Robert M. Clinger III Invitational Golf Tournament
FOR IMMEDIATE RELEASEThe 18th Annual Robert M. Clinger III Invitational Myrtle Beach, South Carolina, February 20, 2024—The 18th Annual Robert M. Clinger III Invitational was contested on Monday, February 19, 2024 at The Dunes Golf & Beach Club in Myrtle Beach, South Carolina. Eighty players ranging in age from thirteen to eighty-two competed for the … Continue reading The 18th Annual Robert M. Clinger III Invitational Golf Tournament
The 17th Annual Robert M. Clinger III Invitational Golf Tournament
FOR IMMEDIATE RELEASE Myrtle Beach, South Carolina, February 21, 2023—The 17th Annual Robert M. Clinger III Invitational was held on Monday, February 20, 2023 at The Dunes Golf & Beach Club in Myrtle Beach, South Carolina. Competition commenced shortly after 12:00 PM with a shotgun start. Sixty-eight players enjoyed sunny skies, with no chance of … Continue reading The 17th Annual Robert M. Clinger III Invitational Golf Tournament
The 16th Annual Robert M. Clinger III Invitational Golf Tournament
Myrtle Beach, South Carolina, February 22, 2022—The 16th Annual Robert M. Clinger III Invitational was held on Monday, February 21, 2022 at The Dunes Golf & Beach Club in Myrtle Beach, South Carolina. Unlike prior years, the 2022 event was marked by mild weather, plenty of sunshine, low winds and no precipitation with the temperature … Continue reading The 16th Annual Robert M. Clinger III Invitational Golf Tournament
The 15th Annual Robert M. Clinger III Invitational Golf Tournament At The Dunes Golf & Beach Club
Myrtle Beach, South Carolina, February 22, 2021—The 15th Annual Robert M. Clinger III Invitational was contested on Monday, February 15, 2021 at The Dunes Golf & Beach Club in Myrtle Beach, South Carolina. The event was preceded by three days of torrential rain, high winds, and frigid temperatures which left the course waterlogged and closed for … Continue reading The 15th Annual Robert M. Clinger III Invitational Golf Tournament At The Dunes Golf & Beach Club
The 14th Annual Robert M. Clinger III Invitational Golf Tournament At The Dunes Golf & Beach Club
Myrtle Beach, South Carolina, February 27, 2020—The Executive Committee of The Robert M. Clinger III Invitational is pleased to announce the results of the 14th annual golf tournament contested on Monday, February 17, 2020 at The Dunes Golf & Beach Club in Myrtle Beach, South Carolina. After a generally overcast morning, the sky cleared and the … Continue reading The 14th Annual Robert M. Clinger III Invitational Golf Tournament At The Dunes Golf & Beach Club
The 13th Annual Robert M. Clinger III Invitational Golf Tournament at The Dunes Golf & Beach Club
Myrtle Beach, South Carolina, February 22, 2019—The Executive Committee of The Robert M. Clinger III Invitational is pleased to announce the results of the 13th annual golf tournament held on Monday, February 20, 2019 at The Dunes Golf & Beach Club in Myrtle Beach, South Carolina. After a morning of rain and dark clouds, the … Continue reading The 13th Annual Robert M. Clinger III Invitational Golf Tournament at The Dunes Golf & Beach Club
Highland Global Business Valuations 