Hello All,
We're working with a bank to get funding right now. From a collateral perspective restaurant equipment is considered (by banks) to have a resale value of roughly 10 cents on the dollar. Now, from what I've seen while searching for used equipment (tanks and brewhouses), used brewing equipment seems to be at more like 90 cents on the dollar when bought in pieces and less expensive when buying a brewery en masse, but still more than 10 cents on the dollar.
How have folks "phrased" your brewing equipment from a collateral perspective to banks? Suggestions??
Thanks!
JB
We're working with a bank to get funding right now. From a collateral perspective restaurant equipment is considered (by banks) to have a resale value of roughly 10 cents on the dollar. Now, from what I've seen while searching for used equipment (tanks and brewhouses), used brewing equipment seems to be at more like 90 cents on the dollar when bought in pieces and less expensive when buying a brewery en masse, but still more than 10 cents on the dollar.
How have folks "phrased" your brewing equipment from a collateral perspective to banks? Suggestions??
Thanks!
JB
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