Commercial And Industrial Machinery And Equipment Appraising in Ely Such As Heavy Equipment Damage Appraisal, Plant And Machinery Valuation, Total Loss Evaluation, Asset Appraisal, And Valuation in Ely To Secure A Loan.
You may be looking to Liquidate Your Heavy Construction Equipment immediately so that you can receive liquid cash to manage insolvency or economic hardship. Perhaps your construction company is growing and seeking to trade out or sell/buy new heavy equipment so that your business can reach newfound milestones of growth. Maybe you are requiring a valuation for legal and/or tax purposes. No matter the reason, situations such as these, and many others that present themselves, will surely mean that you are searching and in need of a Heavy Equipment Appraiser near you. But before digging (no pun intended) into what an appraisal is and the processes involved in such, let us also go over exactly what an appraiser is and why Asset Reliance, Inc. has a team that is best suited for all of your heavy equipment and Machinery Appraising needs.
What Is An Appraiser?
An appraiser is a person who is accredited or certified to perform diligent and Accurate Inspections of your equipment, Inventory Appraisal, etc so that you can receive an honest and experienced opinion regarding the value of your equipment. This value may help you to:
- Determine A Selling Point In Auctions Or Third Party Sales
- May Be Required For Tax Purposes
- Used For Martial And Other Legal Disputes
- Help You To Attain A Loan Through A Commercial Bank
- And Much More...
So in an effort to give you only the most accurate and well researched Heavy Equipment Appraisals in the nation, our team of appraisers with over 33 years of field experience is accredited by the American Society of Appraisers as Accredited Senior Appraiser (ASA) and the Association of Machinery and Equipment Appraisers as Certified Equipment Appraisers (CEA). They also follow every rule and compliance requirement set forth by the Uniform Standards of Professional Appraisal Practice (USPAP), setting the standards of all things appraisal-related, to give you the unbiased, factual based appraisal that you have been looking for. The right appraiser will help you to determine the "˜orderly liquidation value' of heavy equipment so that you can take the time necessary to sell the machine for the highest price point when urgency is not an issue and when you have enough cash flow to take as much time as needed. They will as well determine the "˜forced liquidation value' for the instances requiring that you Sell Off Your Equipment Immediately, such as bankruptcy or insolvency. And if you are seeking the current "˜fair market value', you can determine the value of something within the current open market that both the seller and the buyer will be equally in benefit from.
What Defines Heavy Equipment?
Heavy Equipment includes any piece of heavy-duty machinery that is designed to perform construction-related tasks. These mostly off-road construction vehicles include equipment such as, but not limited to:
- Excavators
- Front End Loaders
- Cranes
- Bulldozers
- Dump Trucks
- Other Earth Movers
To those in the industry, we will happily and professionally appraise any of your "˜yellow iron'!
Appraising Heavy Equipment To Secure A Loan
One of the most necessary and common reasons for receiving an Equipment Appraisal is so that your business can secure a loan through collateral-based funding. Banks issue loans in one of two formats:
Lending Through A Profit And Loss Statement (P&L)
In this method of lending, banks will collateralize a loan through the cash flow and profitability statements of a business, using such to determine the support of the purchase.
Asset Based Lending
Using the value of assets within a business, often machinery and equipment, to collateralize the issuance of the loan and the ability for a business to buy it back. When determining the values of said assets, the commercial banks and asset-based lenders will call upon a certified appraisal service such as Asset Reliance, Inc. to prove the exact, detailed amounts of the collateral's value.
How Long Will My Heavy Equipment Appraisal Take?
Our dedicated team can provide you a USPAP compliant Heavy Equipment Appraisal, supported by extensive and reliable market research and in-depth analysis, in as little as 8-10 days so that you can now leverage your appraisal through whatever means you and your business require. Rest easy knowing that you are going to receive the Maximum Return On Investment through the accuracy and dedication of our appraisals that are the keystone to our excellent reputation.
