BV

Since 2002, Banker Valuation and our affiliates have gathered information on over 10,000 transactions from SBA lending transactions. All transactions are updated frequently and an average of 100 new comps are added each month. In addition, all transactions in our database share the following characteristics:

• The data has been filtered and cross-checked for inconsistencies, errors and identical transactions.
• Approximately 90% of the transactions are “asset sales”; however, if included in the sale, all real estate, cash, accounts receivable, non-operating assets, and all liabilities have been stripped to achieve a typical "asset sale".
• Each transaction is categorized by NAICS code, industry classification or keyword, and typical financial variables for maximum search ability.
• All company names have been eliminated and replaced by keyword or industry classification for confidentiality.

Each comparable transaction includes the following:

• Business type
• North American Industrial Classification System (NAICS) Code
• NAICS industry classification
• Enterprise or “asset” price (furniture, fixtures, equipment, inventory & goodwill)
• Transaction Date
• Transaction State
• Revenue
• Seller’s Discretionary Earnings (SDE)
• Adjusted Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA)
• Assets (Inventory, Furniture, Fixtures & Equipment)
• Transaction price and associated multiples include normal fixed assets, normal inventory, and goodwill

Banker Valuation's business valuation calculator uses the following approaches:

1. Asset Approach – for asset intensive businesses and/or holding companies, the asset approach is sometimes used. It is typically calculated as adjusted assets less adjusted liabilities.
2. Market Approach – using Banker Valuation’s internal small business comps database, the user can search for specific comparable transactions based on NAICS, revenue or profit size, keyword, and various other variables. The market approach uses a price to revenue, price to SDE, and price to EBITDA calculations. This method can be weighted when good comparable transactions are available.
3. Income Approach – Banker Valuation’s business valuation calculator uses a discounted future cash flow method starting with EBITDA and using a buildup discount / capitalization rate specific to EBITDA cash flow. The discount rate is based on risk variables that tend to have the most impact on values of small businesses.

Banker Valuation was created by GCF Valuation, a full service business valuation firm located in Tampa, Florida. GCF Valuation specializes in the valuation of small to mid-market businesses for mergers & acquisitions, lending, estate planning, ESOP, divorce and litigation support. GCF Valuation and its principals, collectively, have more than 50 years of relevant experience in the areas of investment banking, corporate development and business valuation.

Creator – Steve A. Mize, ASA

Steve Mize, ASA is the managing partner of GCF Valuation and is responsible for Business Valuations and matters of litigation support. He is an Accredited Senior Appraiser of the American Society of Appraisers in Business Valuation and is an experienced business valuation professional with concentration in the development and implementation of valuation and financial strategies. He has been directly involved in numerous business valuation engagements for estate and gift tax purposes, feasibility analysis, mergers and acquisitions, dissenting shareholder actions, Employee Stock Ownership Plans, as well as consulting engagements related to fairness opinions, private transactions, and value improvement. Mr. Mize engages with accountants, attorneys, commercial bank lenders, and bank trust officers across the United States for purposes of Business Valuation, Value Improvement, and related topics. His professional affiliations include the American Society of Appraisers (ASA) and the Institute of Business Appraisers (IBA).

Principal and Managing Director – Lori Mize

With a background in marketing and project management for a successful dotcom company, Lori Mize became involved in business valuation she began working for GCF Valuation in 2002. During that time, Banker Valuation was developed specifically to meet the needs of GCF’s third-party business valuation clients (primarily SBA Lenders for 7A loans) who were in need of a web-based, user-friendly and more importantly accurate, business valuation calculator to help estimate a company’s value.

In 2004, we decided to separate Banker Valuation from GCF Valuation and Lori has been at the helm of the company ever since. The web-based business valuation calculator is now used by many of the nation’s top lenders as a prescreening tool for SBA 7A loans of any size and its valuation report meets the SBA’s requirement for internal business valuations for loans $250,000 and under. Currently, 5 of the top 10 most active SBA lenders use our business valuation calculator for SBA lending purposes. The program is also commonly used by community banks, credit unions and other lending service.

Under Lori’s leadership, Banker Valuation’s customer base has expanded beyond the SBA lending community and now includes conventional lenders, wealth management professionals, and other business professionals who use our calculator to help clients find out how much their company is worth.