Bankers & Lenders
Mistake #1: Guessing at equipment values.
Guessing is filled with liability and risk. The loan file will not contain the substantiation needed to support a loan decision.
Mistake #2: Relying on the depreciation schedule.
The depreciation schedule is only important to the business owner, CPA, and governing agencies. The depreciation schedule will not provide the fair market value, orderly liquidation or forced liquidation value. Once again, this method is filled with liability and risk.
Every day bankers, lessors and lenders come face-to-face with decisions that involve arriving at a realistic, independent value for machinery or equipment.
If you can answer “Yes” to any of these situations, you are in need of an Independent Certified Machinery & Equipment Appraisal by a Qualified Appraiser preparing a Qualified Appraisal.
- Is there a chance that your machinery or equipment loans are under-collateralized?
- Are you becoming more “asset minded” due to cash flow and economic times?
- Do you need to know the value of machinery or equipment to secure existing loans?
- Repossession inevitable?
- How much will you bring per item?
- Do you have an experienced professional who has an international market of buyers that can turn a repossessed item into cash?
- Is it time to liquidate?
A Certified Machinery and Equipment Appraiser (CMEA) delivers an independent comprehensive Certified Machinery and Equipment Valuation Report that is irrefutable, defensible and withstands scrutiny because it is based on comparables and market research.
A CMEA delivered Report eliminates your risk and liability associated with the appraisal of machinery and equipment. In addition, a CMEA has experience in liquidation of machinery or equipment.