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A Non-Traditional Small Business Loan

October 2, 2013

Machinery and equipment appraisers are well-versed in the things that go into business value — things like intellectual property, land, and of course, machinery and equipment. But as the way businesses communicate with their customers changes, the way businesses are valued changes and social media becomes a mark of value. 

Many small and medium-sized businesses are still struggling to secure traditional loans and other lenders have stepped in to fill that gap. There’s a company called Kabbage, discussed in “You’re the Boss”, a New York Times blog, that is a non-traditional short-term lender that some companies turn to. When making lending decisions, this company takes into account things like credit scores and accounting records, but it also looks at the potential lendee’s social media popularity before making a decision. 

One of the things that’s interesting about our industry is watching the way that a business’ worth is determined evolves and we’re curious to see what the next phase of the evolution will be. 

The NEBB Institute endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice. The Institute provides initial and monthly comprehensive education, ongoing support, and a dynamic international network, and certifies professionals in the art of machinery/equipment appraisal and brokerage.

By: NEBB Institute

 

     

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