SBA Loan Appraisals: Machinery & Equipment in Ohio

Even though the SBA does not loan money directly to small business owners, they play an important role for people who want to finance their businesses. Banks need to get a 3rd party equipment appraisal for many of the programs that the SBA offers
Oct. 13, 2011 - PRLog -- To qualify for the SBA guarantees, bankers have to satisfy bank auditors and examiners who have raised the bar for the quality of the loan documentation. Therefore a “one-sheet” appraisal from an appraiser without a recognized designation is wasted money. What a bank needs is a qualified appraisal from a certified / accredited appraiser with knowledge of the equipment being appraised. A qualified USPAP compliant appraisal can be the key that fully satisfies the banker and protects him if things go awry.

As a Senior Certified Appraiser with the Certified Appraisers Guild of America, Bryan Worley, CAGA can and will provide a qualified equipment appraisal for a business loan.

Just about any small business (and a small business could be making millions of dollars, according the SBA guidelines) could be eligible for these SBA loans put into play by the Jobs Act.

The Jobs Act not only increased federal government guarantees on SBA 7(a) loans through the end of the 2011, but also temporarily waived fees on 7(a) and CDC/504 loans and created a $30 billion lending fund that community banks can access in making loans to small businesses in our service area–the Akron, Canton, Cleveland, Columbus, Toledo and Cincinnati metro areas.

The top 5 SBA lenders in Ohio include, Huntington Bank, Key Bank, Chase Bank, Fifth Third Bank and Charter One, Worley’s appraisals have been accepted by all of them for the SBA-enhanced loans.

For a realistic business asset evaluation contact Bryan Worley at Auctionwaves and Appraisers at 330-949-7653

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Source:Bryan Worley CAGA Appraiser Auctioneer
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Tags:Sba, Appraiser, Appraisal, Uspap, Certified, Ohio, Equipment, Machinery, Restaurant Equipment, Loan, Bank, Auction
Industry:Appraisal Auctioneer
Location:Canton - Ohio - United States
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Page Updated Last on: Oct 13, 2011 News
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