SBA & Lending
Greywood CPA prepares the compiled, reviewed and audited financial statements small and mid-size businesses need for SBA loans, bank loans and lines of credit, plus SBA 8(a) annual statements, covenant compliance and acquisition support. We are a licensed CPA firm (Virginia Board of Accountancy firm license #134961) working nationwide, at a fixed fee.
Your lender sets which level of CPA work it needs. We read the request first and recommend the lowest level that satisfies it, often a compilation, so you don't pay for more than the lender requires.
Last reviewed: November 2026
Each service has its own page with requirements, what we test, timelines and FAQs.
Lenders typically ask for three years of tax returns, year-end and interim statements, a debt schedule and owners' personal financial statements; many want CPA-compiled or reviewed statements.
Audited over $20 million in gross receipts (120 days), reviewed from $7.5 million to $20 million (90 days), in-house or compiled below $7.5 million.
A compilation gives no assurance, a review limited assurance and an audit reasonable assurance. Choose the lowest level the reader will accept.
Covenants calculated exactly as your agreement defines them, with deliverables on time and early warning if a test is at risk.
Seller financials and add-backs tested before closing, then books and lender reporting set up after.
Full details: Financial statements for business acquisitions →
| Who is asking | Usually requires |
|---|---|
| Smaller bank or SBA loan | Compilation or review |
| Larger loan or line with covenants | Review or audit |
| SBA 8(a), over $20M receipts | Audit within 120 days |
| SBA 8(a), $7.5M–$20M | Review within 90 days |
| Buying a business | Buyer-side quality of earnings review |
A 30-minute call about your organization, who needs the report and your deadline.
Scope, report type, timeline and one fixed fee, in writing.
Everything we need, uploaded through a secure portal.
Remote testing, then a draft for your review.
A CPA partner signs, and we walk you or your board through the results.
The lender decides. Many accept internally prepared statements for smaller loans and ask for CPA-compiled or reviewed statements for larger ones.
Audited over $20 million in gross receipts, reviewed from $7.5 million to $20 million, and in-house or compiled below $7.5 million, under 13 CFR 124.602.
Often, when the lender only needs CPA-prepared statements and not assurance.
We quote one fixed fee in writing before any work starts.
Yes, nationwide and remotely.
Send us the lender's request. A senior CPA will send a fixed-fee proposal within 1–3 business days.