Certified Equipment Appraisals

This report is designed specifically for SBA and conventional lenders looking for a Certified Equipment Appraisal.

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WHY USE A CERTIFIED REPORT?

By utilizing a certified machinery and equipment appraisal report for your needs, you can rest assured that the value you receive will withstand the scrutiny of the SBA, bank examiners, IRS, and courts. A certified report means the appraiser producing the report has earned their accreditation by passing rigorous education requirements, has gone through a peer review process, and is advancing their knowledge through continued education. With a report prepared by a Certified Machinery and Equipment Appraiser (CMEA), you have additional assurances that the report was created with the ethical principles and guidelines set forth by the NEBB Institute and USPAP.

Using an appraisal report that is USPAP compliant is not only good practice, but is also required by many organizations, including the federal government. One of the most important requirements USPAP outlines is in their Scope of Work Rule. It states that before starting an appraisal, the appraiser must identify the problem to be solved. This includes identifying the client and other intended users, the intended use of the appraisal, the type and definition of value(s) given, the effective date of the appraisal, the subject of the assignment and its characteristics, and the assignment conditions. Without identifying the problem to be solved, the results of the appraisal would not be credible.

WE OFFER BOTH A SUMMARY AND A DESKTOP APPRAISAL REPORT TO OUR CLIENTS

Summary Appraisal Report

A Summary M&E Appraisal Report offers an estimate of value for machinery and equipment compliant with USPAP guidelines for a Restricted Use Appraisal Report. Values are reported for each individual asset and the aggregate as a single number. An on-site inspection will be performed to verify the assets are at the location indicated, identify the assets (age, make, model, serial number, etc), ensure assets are in good working order and/or being properly maintained, and assets are being used in accordance with their original design.

Desktop Appraisal Report

A Desktop M&E Appraisal Report also a Restricted Use Appraisal Report as defined by USPAP. A Desktop Report is often ordered to reduce the cost of the appraisal when a visual identification of the equipment is not required. A description of the equipment and pictures are sent to us to determine its value. Desktop reports should only be considered when the equipment is fairly standard, easily identifiable, access to personal who can answer additional questions is viable, and when verification as to the existence of the assets has already been performed and verified.

COMMONLY REQUESTED LEVELS OF ANALYSIS

Fair Market Value

The estimated amount, expressed in terms of money that may reasonably be expected for a property in an exchange between a willing buyer and a willing seller, with equity to both, neither under any compulsion to buy or sell, and both fully aware of all relevant facts, as of a specific date.

Orderly Liquidation Value

The estimated gross amount, expressed in terms of money, that could be typically realized from a liquidation sale, given a reasonable period of time to find a purchaser (or purchasers), with the seller being compelled to sell on an “as is,” “where is” basis, as of a specific date.

SBA considers a loan as “fully-secured” if the Lender has taken security interests in all available fixed assets of the Applicant with a combined “net book value” as adjusted below, up to the loan amount. For 7(a) loans, the term “fixed assets” means real estate, including land and structures, machinery and equipment owned by the business or an EPC. “Net book value” is defined as an asset’s original price minus depreciation and amortization.

  1. New machinery and equipment (excluding furniture and fixtures) may be valued at 75% of price minus any prior liens for the calculation of “fully secured”
  2. Used or existing machinery and equipment (excluding furniture & fixtures) may be valued at 50% of Net Book Value or 80% with an Orderly Liquidation Appraisal minus any prior liens for the calculation of “fully secured”
  3. Improved real estate can be valued at 85% and unimproved real estate can be valued at 50% of the market value for the calculation of “fully-secured” and the value must be determined in accordance with the requirements set forth in Paragraph IV (Real Estate Appraisals) below; and
  4. Furniture and Fixtures may be valued at 10% of Net Book Value or appraised value [SBA clarified that this means Orderly Liquidation Value]

Above excerpt from: Small Business Administration SBA SOP 50 10 7
Page 114
Effective Date: August 1, 2023

Summary Appraisal Report

A Summary Machinery & Equipment Appraisal Report offers an estimate of value for machinery and equipment compliant with USPAP guidelines for a Restricted Use Appraisal Report. A Summary Report includes a site visit to the location(s) where the equipment is located. Values are reported for each asset and the aggregate as a single number.

The onsite visit includes:

  • Affirmation that the assets are at the location indicated
  • Classification of the assets (age, make, model, serial number, etc)
  • Verification that the assets are in good working order and/or being properly maintained
  • Confirmation that the assets are being used in accordance with their original design

Desktop Appraisal Report

A Desktop Machinery & Equipment Appraisal Report is also a Restricted Use Appraisal Report as defined by USPAP. A Desktop Report is often ordered to reduce the cost of the appraisal when a visual identification of the equipment is not required. A description of the equipment and pictures (if available) are sent to us to determine its value.

Desktop reports should only be considered when:

  • The equipment is fairly standard and easily identifiable
  • Access to personnel who can answer additional questions is viable
  • Verification as to the existence of the assets has already been performed and verified
  • Equipment is spread throughout many geographical locations and a physical inspection would be cost prohibitive

Industries

Construction and Heavy Equipment

We work with many manufactures including Caterpillar, Deere, Case, Kombatsu, Bobcat, Hitachi, Volvo, JCB, New Holland, Grove, and Terex. The following is a partial list of construction and heavy equipment that we can help value:

Aggregate Equipment
Compactors
Dozers
Excavators
Forklifts
Light Towers
Pipelayers
Scrapers
Sweepers/Broom Equipment
Water Equipment
Air Compressors
Cranes
Drills
Farm/Agriculture Equipment
Generator Sets
Loader Backhoes
Pumps
Skid Steers
Trenchers/Boring Machines
Wheel Loaders
Asphalt/Paving/Concrete
Crawler Loaders
Dumpers
Forestry Equipment
Lifts
Motor Graders
Scrap Processing Equipment
Skid Loaders
Off-Highway Trucks

If you don’t see a particular piece of equipment or machinery above, contact us and we’ll be happy to discuss your particular equipment.

Commercial Transportation including Trucks and Trailers

We work with many manufactures including Cheverlet, Freightliner, GMC, Hino, International, Kenworth, Mack, Peterbilt, Sterling, and Volvo. The following is a partial list of truck and trailer equipment that we can help value:

  • Box Trucks
  • Bucket Trucks
  • Cab Chassis Trucks
  • Cargo Van Trucks
  • Crane Trucks
  • Crew Cab Trucks
  • Dump Trucks
  • Extended Cab Trucks
  • Fire Trucks
  • Flatbed Trucks
  • Fuel Trucks
  • Garbage Trucks
  • Landscape Trucks
  • Mixer Trucks
  • Moving Van Trucks
  • Passenger Van Trucks
  • Pickup Trucks
  • Plow Trucks – Spreader Trucks
  • Refrigerated Trucks
  • Rollback Tow Trucks
  • Stake Bed Trucks
  • Sweeper Trucks
  • Tanker Trucks
  • Tractor Trucks
  • Utility Truck – Service Trucks
  • Vacuum Trucks
  • Water Trucks
  • Winch Trucks
  • Wrecker Tow Trucks
  • Yard Spotter Trucks

If you don’t see a piece of equipment or machinery above, contact us and we’ll be happy to discuss your particular equipment.

Agricultural Equipment

We work with many manufactures including Bobcat, Case IH, Caterpillar, Ford, John Deere, Kubota, Mahindra, Massey Ferguson, and New Holland. The following is a partial list of agriculture and farm equipment that we can help value:

  • Balers
  • Choppers
  • Combines
  • Corn Picker
  • Crushers
  • Disc Cutter
  • Discs
  • Drills
  • Excavators
  • Feeders
  • Field Cultivators
  • Grain Augers
  • Gravity Wagons
  • Harvesters
  • Hay Equipment
  • Hydroseeder
  • Mower
  • Planters
  • Plows
  • Rotary Cutters
  • Screens
  • Seeders
  • Sprayers
  • Spreaders
  • Strawblowers
  • Tedders
  • Tillage
  • Tractors
  • Trenchers
  • Wheel Loaders

If you don’t see a particular piece of equipment or machinery above, contact us and we’ll be happy to discuss your particular equipment.

Manufacturing Equipment

The following is a partial list of manufacturing equipment that we can help value:

  • Air Compressors
  • Automatics
  • Bearings
  • Benders
  • Boring Machines
  • Circuit Boards
  • Conveyors
  • CNC Lathes
  • Coil Processing Equip.
  • Dust Collectors
  • Finishing
  • Flame Cutting Equip.
  • Generators
  • Grinders
  • Hones & Lappers
  • Lasers
  • Ovens & Furnaces
  • Plasma Cutting Equip.
  • Presses
  • Pumps
  • Punches
  • Riveters
  • Rolls
  • Stamping Equip.
  • Straighteners
  • Tooling & Accessories
  • Transformers
  • Turning Centers
  • Boring Mills
  • Warehouse Equip.
  • Waterjet Cutting Equip.
  • Welding Machinery
  • Woodworking Machinery

If you don’t see a particular piece of equipment or machinery above, contact us and we’ll be happy to discuss your particular equipment.

Telecommunication and Technology Equipment

We work with many manufactures including Avaya, Cisco, Dell, Ericsson, HP, IBM, Lucent, Sony, Symbol, and Xicom. The following is a partial list of telecommunication and technology equipment that we can help value:

  • Computers
  • Cooling Equip.
  • Copiers
  • Laptops
  • Microprocessors
  • Monitors
  • Navigation Systems
  • Network Equipment
  • PBX Equipment
  • Phone Systems
  • Printers
  • Projectors
  • Rack Equipment
  • Scanners
  • Servers
  • Transformers
  • UPS
  • Video Equipment
  • VoIP Gateways

If you don’t see a particular piece of equipment or machinery above, contact us and we’ll be happy to discuss your particular equipment.

Printing Equipment

We work with many manufactures including Akiyama, Canon, Epson, HP, Kodak, Komori, Halm, Heidelberg, Mark Andy, Miller, Mitsubishi, Roland, Ryobi, and Xerox. The following is a partial list of printing equipment that we can help value:

  • Binders
  • Computer to Plate Systems
  • Digital Presses
  • Folders
  • Ink Jet Printing Systems
  • Laminating Equipment
  • Mailing Systems
  • Paper Cutters
  • Paper Drills
  • Shrink Packaging
  • Trimmers
  • UV Coaters

If you don’t see a particular piece of equipment or machinery above, contact us and we’ll be happy to discuss your particular equipment.

Fitness and Gym Equipment

We work with many manufactures including Body Masters, Cybex, Life Fitness, Paramount, Precor, Star Trac, and York. The following is a partial list of fitness and gym equipment that we can help value:

  • Arm Equipment
  • Back Equipment
  • Bikes
  • Bilateral Equipment
  • Cardio Equipment
  • Chest Equipment
  • Dumbbells
  • Elliptical Machines
  • Lower Leg Equipment
  • Multi Stack Gyms
  • Plate Load / Leverage

If you don’t see a particular piece of equipment or machinery above, contact us and we’ll be happy to discuss your particular equipment.

Restaurant and Food Service Equipment

We work with many manufactures including Amana, Anvil, Berkel, Veverage Air, Cambro, Globe, Hobart, Ico-O-Matic, Nemco, Univex, Vulcan, Waring, and Wolf. The following is a partial list of restaurant equipment that we can help value:

  • Beverage & Bar Supplies
  • Cooking Equipment
  • Dinnerware & Flatware
  • Food Prep
  • Fryers
  • Furniture
  • Holding & Warming
  • Kitchenware
  • Refrigeration
  • Sanitation & Maintenance
  • Storage & Transport
  • Tabletop & Dining Room
  • Warewashing

If you don’t see a particular piece of equipment or machinery above, contact us and we’ll be happy to discuss your particular equipment.

Medical, Dental and Veterinary Equipment

We work with many manufactures including Amana, Anvil, Berkel, Veverage Air, Cambro, Globe, Hobart, Ico-O-Matic, Nemco, Univex, Vulcan, Waring, and Wolf. The following is a partial list of medical, dental, and veterinary equipment that we can help value:

  • Beds, Stretchers, and Furniture
  • Cardiology Equipment
  • Defibrillators
  • Dental Equipment
  • Endoscopy Equipment
  • Exam Room Equipment
  • Imaging Equipment
  • Laboratory Equipment
  • Neurology Equipment
  • Physical Therapy Equipment
  • Radiation Equipment
  • Respiratory Equipment
  • Surgical Equipment
  • Veterinary Equipment

If you don’t see a particular piece of equipment or machinery above, contact us and we’ll be happy to discuss your particular equipment.

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