The practical answer
A valuation can help establish current market value, condition and resale prospects, particularly for older or specialist equipment.
Provide serial numbers, specification, hours, location, photographs and maintenance records. Explain modifications and whether removal from the premises is practical.
Ask who appoints and pays the valuer and whether the report must meet lender requirements. A high original purchase cost or accounting book value does not establish how much a lender is prepared to advance today.
Commercial finance is subject to status, lender approval and the specific asset and transaction. The right structure depends on the complete circumstances of the business.
What should I do next?
Have the asset details, supplier information and an outline of what the business needs ready. DCF can then discuss the requirement and identify which lenders may be suitable.
Read: Asset refinance →Explore the relevant guides
CNC & manufacturing finance — For production machinery, tooling and commissioning plans.