Equipment appraisal on an SBA 7(a) loan: two things that decide the credit
Two things decide whether an equipment appraisal helps an SBA 7(a) credit: the advance rate it can support on used equipment, and a unit-by-unit schedule with serial numbers tied to the collateral.
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Ordering an equipment appraisal on an SBA seven A loan? Two things decide whether it helps the credit.
One. It can move the advance rate. Used equipment can count at up to fifty percent of book value, or up to eighty percent of orderly liquidation value where an appraisal supports it.
Two. The schedule has to be unit by unit, with serial numbers that tie each asset to the collateral.
Lukes and Lukes. Independent equipment appraisals for SBA lenders, nationwide. lukesappraisals.com.
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