The Myth:
A business appraisal is the same thing as an equipment or asset appraisal.

The Reality:
Business valuations analyze total enterprise (or equity) value — including goodwill, cash flow, risk, and intangibles — while asset appraisals focus on the resale value of physical equipment.

Why It Matters:
Confusing the two can result in incomplete collateral analysis or mismatched reporting for SBA compliance.

Practical Tip:
Use a certified business appraiser for business valuations — and a qualified equipment appraiser for fixed asset valuations.