{"id":12395,"date":"2011-02-24T02:11:59","date_gmt":"2011-02-24T07:11:59","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/collateral-appraisal-can-help-small-businesses-during-loan-application-processes\/"},"modified":"2022-12-29T03:43:06","modified_gmt":"2022-12-29T08:43:06","slug":"collateral-appraisal-can-help-small-businesses-during-loan-application-processes","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/collateral-appraisal-can-help-small-businesses-during-loan-application-processes\/","title":{"rendered":"Collateral Appraisal Can Help Small Businesses During Loan Application Processes"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>A recent <em>Wall Street Journal<\/em> article, \u201c<a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748704590704576092111317567394.html?mod=WSJ_SmallBusiness_LEFTTopStories\" target=\"_blank\" rel=\"noopener\">Firms with Collateral Gain an Edge<\/a>,\u201d suggests that even in the current economic environment, banks are lending; however, they are more likely to lend to businesses that have tangible <a href=\"http:\/\/www.nebbinstitute.com\/info\/banker.php\" target=\"_blank\" rel=\"noopener\">collateral<\/a>.<\/p>\n<p>According to the article, companies with tangible assets such as machinery and equipment or property are \u201cgetting a first look by banks, even when their cash flow and creditworthiness aren\u2019t as strong as businesses with less collateral.\u201d<\/p>\n<p>BoeFly.com asserts that businesses that are asset heavy, such as restaurants, hotels, manufacturers, retailers, and real estate companies, are finding more luck with loan applications than those that are not.<\/p>\n<p>Banks are conducting more careful due diligence, which includes their own certified collateral <a href=\"http:\/\/www.nebbinstitute.com\/maps\/index.php\" target=\"_blank\" rel=\"noopener\">appraisals<\/a> to help ensure that they can get some of their investment back if a loan defaults. Having an impartial appraisal of your tangible assets when you approach lenders can help increase the chances that your small business loan application gets more than a passing glance from lending institutions.<\/p>\n<p>For more information, you can also check out our blog post from last week, \u201c<a href=\"https:\/\/nebbinstitute.wordpress.com\/2011\/02\/16\/the-role-an-appraisal-plays-in-the-eyes-of-lenders\/\" target=\"_blank\" rel=\"noopener\">The Role an Appraisal Plays in the Eyes of Lenders<\/a>.\u201d<\/p>\n<p><em>The <a href=\"https:\/\/www.certitrek.com\/nebb\/\" target=\"_blank\" rel=\"noopener\">NEBB Institute<\/a> endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice. The Institute provides initial and monthly comprehensive education, ongoing support, and a dynamic international network, and certifies professionals in the art of machinery\/equipment appraisal and brokerage.<\/em><\/p>\n<p>By: <a href=\"http:\/\/www.nebbinstitute.org\/\" target=\"_blank\" rel=\"noopener\">NEBB Institute<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A recent Wall Street Journal article, \u201cFirms with Collateral Gain an Edge,\u201d 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 \u201cgetting a first [&#8230;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[161,162,163,164,165,66,166,78,35],"class_list":["post-12395","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-asset","tag-boefly-com","tag-collateral","tag-collateral-appraisal","tag-due-diligence","tag-lenders","tag-loan-application","tag-machinery-equipment-appraisal","tag-nebb-institute"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v19.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Collateral Appraisal Can Help Small Businesses Loan Processes<\/title>\n<meta name=\"description\" content=\"Companies with tangible assets such as machinery and equipment or property are \u201cgetting a first look by banks, even when their cash flow and creditworthiness aren\u2019t as strong as businesses with less collateral.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/collateral-appraisal-can-help-small-businesses-during-loan-application-processes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Collateral Appraisal Can Help Small Businesses During Loan Application Processes\" \/>\n<meta property=\"og:description\" content=\"Companies with tangible assets such as machinery and equipment or property are \u201cgetting a first look by banks, even when their cash flow and creditworthiness aren\u2019t as strong as businesses with less collateral.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/collateral-appraisal-can-help-small-businesses-during-loan-application-processes\/\" \/>\n<meta property=\"og:site_name\" content=\"NEBB\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2011-02-24T07:11:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-29T08:43:06+00:00\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/collateral-appraisal-can-help-small-businesses-during-loan-application-processes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/collateral-appraisal-can-help-small-businesses-during-loan-application-processes\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"Collateral Appraisal Can Help Small Businesses During Loan Application Processes\",\"datePublished\":\"2011-02-24T07:11:59+00:00\",\"dateModified\":\"2022-12-29T08:43:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/collateral-appraisal-can-help-small-businesses-during-loan-application-processes\/\"},\"wordCount\":427,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#organization\"},\"keywords\":[\"asset\",\"BoeFly.com\",\"collateral\",\"collateral appraisal\",\"due diligence\",\"lenders\",\"loan application\",\"Machinery &amp; 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