Metro Bank of Swatara Township, Dauphin County, has launched the Metro Bank Business Valuator, an online tool that helps business owners and entrepreneurs to learn what their business could potentially be worth in real time.
A business owner can provide basic information online, including the name of the business, three years of historical financial information, balance sheet data, liabilities, growth projects and operations. It also asks why the business owner is going through the valuation process, though one of the answer choices is “just curious.”
The valuator can then extrapolate a projected value of the business. A Metro Bank representative then contacts the business directly with a 22-page report generated from the information provided, and the representative answers any questions and review and explains the findings.
All of the services that go along with the valuator are free.
Metro partnered with BizEquity, a cloud-based business valuation service, to make the tool available to both Metro customers and noncustomers.
“Knowing potential value puts a business in a better position to grow, reward employees and pursue proper credit and risk management measures,” Metro Bank Chief Operating Officer Perc Moser said.