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Reporting for Banking Needs

Banks use appraisals for a variety of reasons. To begin, the assets to be used as collateral and the subject of the appraisal need to be identified. Typically, real estate and/or machinery & equipment is appraised for use as collateral, but it may also be possible to use intangible assets.

There are instances where a business valuation is appropriate to use. This is determined by the borrower and lender. In the case of an SBA guaranteed loan, a business valuation is required if certain conditions are present. These are clearly outlined in the SBA Standard Operating Procedures. EAC Valuations’ appraisers have the certifications and experience required by the SBA to provide Business Valuations, Real Estate (including Going Concern Value), and M&E Appraisals.

There are a number of values to be considered, including Market Value, Orderly Liquidation Value, and other values that the lender may require. Some of the specific purposes and uses of an appraisal to be used by lenders include:

‣ Commercial Financing
‣ SBA Loans
‣ Sale Leaseback
‣ Asset Based Lending

All of our appraisals conform to Uniform Standards of Professional Appraisal Practice (USPAP), and those relating to federally related transactions additionally conform to the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA).