Get More Than a Passing Glance from Lenders, Have Your Assets Appraised

Even in the tenuous economic environment we find ourselves today, banks are still lending, though obviously not the way they used to. Business loans are still available, but banks and other lending institutions are far more likely to lend to businesses that have tangible collateral. Companies with tangible assets, such as machinery, equipment, and other property, bring something of value to the table, and therefore get looked at first by banks, even when their cash flow and creditworthiness aren’t as strong as businesses with less collateral. Asset-heavy businesses, such as restaurants, hotels, manufacturers, retailers, and real estate companies, are finding more luck with loan applications than those that are not. Nowadays banks conduct more careful due diligence, which includes their own certified collateral appraisals 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. And of course, EquipNet can help. Contact us today and let us give your collateral an expert appraisal!

Categorias: Services

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