Business lenders occasionally need to perform inspections on the businesses to which they lend because they need to know that the business assets they support are physically on the company’s premises, year after year. There are two main ways this task is performed. Either someone goes to the business and counts each item in question (e.g., computers, furnishings, inventory), or the items can be barcoded, scanned, and managed through a spreadsheet. Once the assets are initially barcoded, future inventory inspections will be much easier to conduct.
As part of its business valuation branch, Present Value can conduct these inspections on a lender’s behalf. Depending upon the lender’s needs, Present Value will go to the property and either physically count the assets in question or barcode them for simplified, electronic management.
Please contact us for more information about how Present Value can help you with your asset inspection and inventory control needs.
