Machinery & Equipment Appraisals
USPAP appraisal reports are used for bank loan support, partnership and stockholder matters, buy-sell agreements, marital dissolutions, allocations of assets, estate tax filings, Sub-S elections, ESOP plans, estate tax planning, personal property insurance, charitable gifting, and similar purposes.
Most clients need an appraisal product that adheres to the Uniform Standards of Professional Appraisal Practice (USPAP).
Our reports fall into two categories: inspected and non-inspected (or “desktop”).
Inspected reports are exactly what they sound like. We send personnel into the field to obtain information such as manufacturer, model, serial number, condition, photos, and other attributes that would impact value.
Non-inspected reports (aka Desktop reports) are the same in every respect to an inspected report, but we rely instead upon information supplied by the client. Some types of assets lend themselves well to a desktop report, while other assets need personal inspection in order to determine an opinion of value.
Both types of reports can be used for underwriting SBA loans, and we have completed nearly 1,000 reports involving the SBA. We include an Expected Useful Life Analysis in all our reports that are tied to SBA 7A or 504 scenarios.
We can report a range of different values depending on the client’s needs. These typically include:
- Fair Market In-Use Value
- Fair Market Value
- Orderly Liquidation Value
- Forced Liquidation Value
If you would like to receive a sample USPAP appraisal report, please contact us at (320) 217-6300 or online through our contact form.