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Three Mistakes Lenders Make When Determining the Value of Borrowers’ Equipment

After weathering the economic downturn, lenders know better than anyone the importance of doing due diligence before granting a loan to a business. SBA backed lenders are once again lending money, but with caution. One of the ways they exercise this caution is to conduct their own appraisals of collateral. This ensures that they will […]

2022-11-22T08:19:21-05:00October 8th, 2014|Uncategorized|

How Do You Know The Value Of Your Customers’ Equipment? Three Mistakes that Lenders Make

Since the economic downturn of the last few years, lenders know almost better than anyone that they need to do the necessary due diligence before giving a loan to a business. Even in today’s tight economic environment, lenders backed by the SBA are lending money, but they are increasingly more cautious. They are conducting more […]

2022-12-21T07:28:28-05:00October 17th, 2012|Uncategorized|

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 […]

2022-12-29T03:43:06-05:00February 24th, 2011|Uncategorized|

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, […]

2022-12-29T03:45:42-05:00February 16th, 2011|Uncategorized|

Why Do Lenders Need a CMEA?

Over the past couple of years, bankers and lenders have been actively seeking new ways to reduce their liability when making loans. Often, lenders are asked to make a lending decision that involves knowing the value of a piece of machinery or equipment, and one of the best ways they can protect themselves is by […]

2022-12-29T08:39:01-05:00June 9th, 2010|Uncategorized|
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