Does your bank know how much your assets are worth?
Need more borrowing power to grow your business?
A certified machinery& equipment appraisal can help your bank know what your assets are worth. Don’t sell your business till you know what your assets are worth. Accredited by the NEBB Institute Ken Bosman has been appraising machinery & equipment since 2008, and has appraised machinery and equipment for the FDIC, Banks and numerous businesses.
20 Reasons For An Appraisal
Are You Sure You Don’t Need A Certified Machinery & Equipment Appraisal?
(Hint…You’ve Probably Needed One But Didn’t Know It!)
There are no less than 20 typical reasons a business owner, CPA, attorney, insurance underwriter, lenders, leasing agents, business brokers, farm credit managers and others absolutely require the professional expertise of an independent third party Certified Machinery and Equipment Appraisal prepared by only a Certified Machinery and Equipment Appraiser (CMEA).
Can you really rely on a guess, book value, the word of a non-certified person, or auctioneer who may have a “hidden agenda”? The answer is “NO”. You cannot. Why not? Relying on a guess, book value, or the word of a non-certified person (who may have a hidden agenda) is inaccurate and will not withstand scrutiny.
However, the skilled and experienced professionals who are CMEA’s apply the methodology of appraisal and employ the guidelines for determining values. Therefore, you can rely with confidence on a Certified Appraisal Report prepared by a CMEA because it is a defensible estimate of value that is substantiated. The Appraisal will hold up to scrutiny. Will yours?
Reasons Why You Need A Certified Machinery & Equipment Appraisal…
- Business Owners need an Appraisal for insurable value, selling, financing, expansion, and strategic growth.
- CPAs need a Certified Appraisal because the IRS requires a Certified Appraisal by a Certified Appraiser! A Certified Appraisal is also needed when helping their clients convert from a C to S Corporation, Estate and Gift Planning, Trusts, Sarbanes-Oxley, and FASB 141/142.
- Bankers and Lenders need an Appraisal in support of loan and lease decisions to substantiate and collateralize a loan. Especially the Small Business Administration’s new SOP’s that require a “qualified” equipment appraisal.
- Attorneys need an Appraisal to substantiate accurate and realistic values that withstand IRS and Court scrutiny.
Sample Appraisal
Find out more about the NEBB INSTITUTE
In 2008, Ken Bosman joined the NEBB Institute. NEBB performs hundreds of equipment and machinery appraisals each year. NEBB is one of the leading equipment valuing institutions in North America, and is expanding rapidly around the world. NEBB adheres to USPAP standards which are accepted worldwide. NEBB also brokers equipment and businesses. He is a Certified Machinery & Equipment Appraiser (CMEA), a Senior Business Analyst (SBA) and has a Florida Real Estate Sales Associates License. He has been active in mergers and acquisitions and equipment handling in the waste industry for the past 24 years.
Ken has appraised 6 banks for the FDIC, Business assets for Banks, Individual assets for CPA’s and can handle any size and any type of equipment.
In 2016, Dean Bosman was added as an Assistant Appraiser. Dean has appraised truck trailers and equipment for 10 years with Best Trailer & Equipment.
