Ordering an equipment appraisal for a loan: two things to check
Two things to check before an equipment appraisal goes in the credit file: the premise of value matches the loan, and someone actually saw the equipment on site.
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Ordering an equipment appraisal for a loan? Two things to check before it goes in the file.
One. The premise of value matches the loan. Continued use, orderly liquidation, forced liquidation. Different questions, different values.
Two. Someone actually saw the equipment. Serial numbers verified on site, condition observed in person.
Lukes and Lukes. Independent equipment appraisals for lenders, nationwide. lukesappraisals.com.
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Send the asset list and the reason for the appraisal. We confirm the premise and scope before any work begins, and we never quote a value before inspection.