One report. The right value for every situation.
Lukes & Lukes prepares independent, USPAP-compliant machinery and equipment appraisals for every situation that calls for one: a loan, an SBA deal, a wind-down, an acquisition, a dispute, an insurance schedule or a tax filing. We determine the right premise of value and stand behind it.
Why you need it
The situation sets the premise of value.
An equipment appraisal answers a specific question, and the question decides the premise. We match your situation to the right premise, develop the value under USPAP, and deliver one defensible report. The premise abbreviations below are defined in full on the process page.
Lending & Collateral
Appraisals for asset-based lending and equipment loans, built to the standard credit officers and examiners expect.
Explore lending & collateral →SBA Financing
7(a) and 504 equipment appraisals prepared to the SBA SOP standard lenders and the agency expect.
Explore SBA financing →Liquidation & Auction
Orderly and forced liquidation value for wind-downs, workouts and auctions, defensible for lenders, trustees and the courts.
Explore liquidation →Mergers & Acquisitions
Fair market value and purchase price allocation for buyers, sellers and their advisors to rely on.
Explore M&A →Litigation & Expert Witness
Independent valuations and expert-witness support for disputes, bankruptcy and family-law matters, built to withstand cross-examination.
Explore litigation support →Insurance & Replacement Cost
Replacement Cost New and agreed-value appraisals so machinery is insured to value and claims settle on documented numbers.
Explore insurance & RCN →Estate, Probate & Divorce
Fair market value as of a specific effective date, defensible for the IRS, the courts and opposing counsel.
Explore estate & divorce →Not sure which you need?
Tell us the assets and the reason for the appraisal. We confirm the premise and scope before any work begins, and we never quote a value before inspection.
Start a request →When you need one
The reasons people call, and who they answer to.
A machinery and equipment appraisal answers a specific question for a specific party. These are the situations that most often bring lenders, attorneys, advisors and owners to a certified appraisal, and where each one leads.
Funding, monitoring and recovering on equipment.
Equipment loans and asset-based lines, SBA 7(a) and 504 deals, collateral reviews and examiner scrutiny, lease underwriting and end-of-lease residuals, and foreclosure or repossession recovery. The premise is usually Orderly or Net Orderly Liquidation Value, often beside Fair Market Value in one report.
For lenders & leasing →A value that holds up under challenge.
Litigation and expert-witness support, divorce and the division of a marital estate, probate and estate administration, partnership dissolution and shareholder disputes, and bankruptcy or workout proceedings. Each report is built around a documented premise and effective date, ready for cross-examination.
For attorneys →Planning that turns on what the assets are worth.
Estate and gift tax returns, trusts and family limited partnerships, buy-sell agreements and partner buyouts, converting a C corporation to an S corporation, and the equipment behind a business valuation, an ESOP or a succession plan. Each rests on independent Fair Market Value the IRS and a reviewer can trace.
For CPAs & advisors →Buying, selling, insuring and knowing what you hold.
Buying or selling a business, a merger or acquisition and its purchase price allocation, insurance schedules and replacement cost, property and personal-property tax filings, and simply documenting what the equipment is worth before a decision turns on it.
For owners & buyers →One discipline, every situation
Different trigger, same standard.
The premise of value changes with the situation, but the discipline does not. Every assignment is developed under USPAP, with the cost, market and income approaches reconciled into one conclusion, and the premise and effective date stated plainly so the number means exactly one thing. The full glossary of premises lives on the process page.
- Fair Market Value (FMV): sales, acquisitions, financial reporting, estate and tax
- Orderly & Net Orderly Liquidation Value (OLV / NOLV): lending collateral and recovery
- Forced Liquidation Value (FLV): wind-downs and compelled sales
- Replacement Cost New (RCN): insurance and agreed value
- One report: narrative, itemized appendix and photographs, with senior review
Across every specialty
We bring these to the assets we know.
Every service applies across our three specialties. The situation sets the premise; the specialty brings the asset knowledge behind the number.
Common questions
Answers, up front.
How do I know which appraisal I need?
Tell us why you need it, and the right premise of value usually follows. A loan points to Orderly Liquidation Value or Fair Market Value, an insurance schedule to Replacement Cost New, an estate or a sale to Fair Market Value. Send us the situation and the asset list, and we confirm the premise and scope before any work begins.
Can one report cover more than one premise of value?
Yes. A single report can carry several premises side by side when the assignment calls for it, for example Fair Market Value and Orderly Liquidation Value together for a credit file. Each value is tied to its premise and effective date so the conclusions stay clear.
Do you appraise equipment for tax and estate planning?
Yes. CPAs and advisors order equipment appraisals for estate and gift tax returns, trusts and family limited partnerships, buy-sell agreements and partner buyouts, converting a C corporation to an S corporation, and the equipment portion of a business valuation, an ESOP or a succession plan. Each one rests on independent Fair Market Value, documented so the IRS and a reviewer can follow it.
Can you appraise equipment for property tax?
Yes. We prepare Fair Market Value appraisals of business personal property for tax renditions and assessment appeals, itemized asset by asset so an assessor can see how each figure was reached. Tell us the jurisdiction and the assessment date and we tie the value to it.
Do you serve all of these situations nationwide?
Yes. Every service is available nationwide, as a desktop appraisal from your asset list and photographs or as an on-site inspection across one or more locations, and across all three specialties.
Are your appraisals accepted by lenders, the SBA, the IRS and the courts?
Yes. Every report is USPAP-compliant, prepared by a NEBB-certified Machinery & Equipment Appraiser (CMEA), and built to withstand lender, SBA, IRS, audit and legal review, whatever the situation.