Appendix 15 scope · lender-commissioned · 10 business days
The QoE is now a condition of credit. Built to the section.
Ikigai QoE delivers the lender-commissioned Quality of Earnings report the rule requires — four-way reconciliation through IRS transcripts, the Cash Proof across the trailing twelve months and two fiscal years, every add-back scored and evidenced, and adjusted earnings carried all the way to debt-service coverage. Signed by a credentialed reviewer.
The adjustment workbench, live
Fictional company — illustrative figuresThree products, one engine
Identical algorithms, thresholds and evidence standard. What changes is who engages us and who sees what.
Lenders
The report the SOP requires you to commission(source: SBA SOP 50 10 8.1, Appendix 15)src on 7(a) acquisitions at $3M and up — in Appendix 15's own section order, with the DSC Bridge and a credit memo insert your analyst can paste.
What a lender gets →Sellers and brokers
Run the same engine the lender will run, before listing — privately, with a ranked remediation plan and the adjustment headroom before the deal breaks the coverage floor.
A Readiness QoE does not and cannot satisfy the lender-commissioned requirement under SBA SOP 50 10 8.1. It is pre-flight for the report the lender will order.
Readiness pricing →Buyers
An independent reconstruction run blind on the target's raw data, then reconciled line by line against the seller's recast — with the questions to ask, ranked by dollar exposure.
See the Buyer Mirror →Built to the section
Every Appendix 15 requirement maps to a numbered section of the report. A credit analyst checks the box without hunting.
| Appendix 15 requirement | Report section |
|---|---|
| Independent professional engaged by and acting for the lender | Engagement letter §1 |
| Purchase price ≥ $3M net of owner-occupied real estate; category not exempt | §1 Scope & Threshold |
| Reconcile statements, returns, internal financials, GL and IRS transcript data | §2 Four-Way Reconciliation |
| Cash Proof — receipts and disbursements to bank data, TTM and two fiscal years | §3 Cash Proof |
| Every add-back documented, incl. deferred maintenance and cash-vs-accrual | §4 Adjustment Schedule |
| Customer concentration, contract continuity, margin sustainability | §5 Revenue Quality |
| Adjusted earnings feed DSC at the 1.25× floor; no projections | §6 DSC Bridge |
| Findings update the credit memo | §7 Credit Memo Insert |
The full crosswalk, with how each section meets its requirement, is on the lender page.
How an engagement runs
Five steps from engagement letter to a signed, verifiable report.
The lender engages
The lender signs the engagement letter and is the report's only addressee. Threshold and category are computed from the purchase agreement, and conflicts are checked before work starts.
Secure intake
The borrower gets a scoped, upload-only link — no read-back. Ledger and bank connect directly; the business Form 4506-C brings in IRS transcripts. Nothing travels by email.
The engine runs
Four-way tie-out, Cash Proof, adjustment scoring and the DSC Bridge. Every figure carries a provenance record back to the source line.
Credentialed review
A CPA- or CVA-credentialed reviewer with no stake in the deal resolves each judgment item, records every override with its reason, and signs.
Delivery
The signed report, crosswalk and credit memo insert land in the lender's portal — Standard in ten business days — with a verification code anyone holding the file can check.
Independence, stated plainly
Ikigai QoE is a service of MyIkigai LLC, and its founder is also a licensed Washington business broker. We say that first because it matters. Any lender-mandated engagement where an Ikigai-affiliated broker represents either party is declined outright — not disclosed and continued — and referred to a peer provider under a zero-consideration protocol. Fees are never contingent on a deal closing or on price.
Read the independence policy →Built for a bank's vendor review
The portal will hold a small business's most sensitive records. It is built that way from the first commit.
See it run on a full sample file.
The demo carries a fictional $6.4M commercial HVAC contractor at a $5.64M contract price through source connection, the engine run, the adjustment workbench and the DSC Bridge — as the lender, the seller and the buyer each see it.
Try the full demo