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Collateral Appraisal Can Help Small Businesses During Loan Application Processes
A recent Wall Street Journal article, “Firms with Collateral Gain an Edge,” suggests that even in the current economic environment, banks are lending; however, they are more likely to lend to businesses that have tangible collateral. According to the article, companies with tangible assets such as machinery and equipment or property are “getting a first […]
The Role an Appraisal Plays in the Eyes of Lenders
Most would-be borrowers probably aren’t aware of how important an appraisal is when they’re seeking a loan. When determining if a business is a good investment risk, lenders will often examine the so-called “Five Cs of Lending.” These five Cs are: 1. Character – Is the business trustworthy? The business’s financial performance, credit report, management, […]
Are You Eligible for a 1031 Exchange?
A new year brings with it promises of tax time. And while you’re poring over the multiple forms on your desk and sorting through your 2010 receipts, you may already be planning for your 2011 taxes. If you’re planning on selling one of your business’s assets this year and replacing it with a new one, […]
Looking for a Business Consulting Support Network? Check out the International Society of Business Analysts
For individuals in the business consulting industry, whether it be machinery and equipment appraisers, business brokers, bankers, or a variety of other consultants, it can be difficult to find the right network of professionals in related fields to call on when necessary. The International Society of Business Analysts (ISBA), which is owned by the NEBB […]
The Appraisal Foundation Releases USPAP Fourth Draft
The Appraisal Foundation, a not-for-profit organization that publishes Uniform Standards of Professional Appraisal Practice (USPAP), has released its fourth exposure draft of proposed changes to the upcoming 2012-2013 edition of USPAP. The exposure draft (a draft created to allow for public comments) was created by the Appraisal Foundation’s Appraisal Standards Board (ASB), which is composed […]
Planning an Employee Stock Ownership Plan? Get an Appraisal!
An Employee Stock Ownership Plan (ESOP) is a benefit that allows workers to purchase shares in the company that employs them. The company buys those shares back at their full market value when the company and the employee part ways. Companies that offer employees the ESOP benefit have annual valuations performed so they always know […]
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