IF you can find a bank willing to take used equipment as collateral, I doubt they would loan you more than 50 percent of the used market value at the end of the loan term. They would value equipment in this way to both cover themselves in the event of market fluctuations and to cover the costs of having to repossess, then sell the equipment in the event of a default by you.WertheL wrote:Currently facing issues with cashflows and have the intention to take up a loan. I have some machinery & vehicles that can be collateralize. How are banks going to estimate their value?
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