Here are some additional things to keep in mind about the differences between term loan appraisal and project appraisal:
- Term loan appraisals are typically less complex than project appraisals. This is because term loan appraisals only need to consider the borrower’s creditworthiness and the terms of the loan.
- Project appraisals are typically more complex than term loan appraisals. This is because project appraisals need to consider a number of factors, including the project’s financial feasibility, the project’s technical feasibility, and the project’s environmental impact.
- Term loan appraisals are typically conducted more quickly than project appraisals. This is because term loan appraisals do not need to consider as many factors as project appraisals.
- Project appraisals are typically conducted over a longer period of time than term loan appraisals. This is because project appraisals need to consider a number of factors, which can take time to evaluate.