First Key has an ongoing relationship with an American bank serving business owners nationwide, providing equipment assessments and valuations. The bank requires quick response times due to their venture capital and business loan services for brewing and distilling companies, necessitating expert equipment valuations to meet internal risk assessment policies and government regulations, such as those from the Small Business Administration (SBA). First Key acts as a recognized industry expert, delivering independent estimates of value for business owners’ equipment in a timely manner. The deliverables typically include a detailed report identifying all relevant assets with replacement values, current values, and orderly liquidation values, as well as values associated with equipment installation. This professional and data-driven report allows the bank to conduct lending operations with confidence, knowing that equipment collateral is accurately valued, thereby mitigating risk.
