Draft aid · not clearance

SOP 50 10 8.1 checklist

Wording comes from professional-firm summaries, not from counsel’s reading of the SOP. Six items are not met, not stated, or not testable in the demo.

Engaged by and prepared for the lender

Gap

Not met

Independence statement

Gap

Not stated

TTM and two fiscal years

Gap

Not met · FY2024 missing

Proof of cash, all required periods

Gap

Not met

Federal tax returns

Met

IRS transcripts

Gap

Not stated · 2025 missing

Each adjustment documented

Gap

Not met · 5 of 10 traced

Normalized figure for underwriting

Met

Met, as stated by the report

A medium ledger difference fails its checklist item. The “not met” count is exact. This page is not SBA compliance clearance, and a buyer-procured report is not cleared by this software.

Draft SOP checklist