Machinery and Equipment Loan
This is for companies that are capital equipment intensive who can demonstrate the ability to service a short term obligation.
Loan Amounts:
$250,000 to $40 Million
Rates:
From 4.5% to 5.75% at 5 – 10 years, fully amortizing
Equipment Types:
- Rolling Stock
- Yellow Steel
- Buses
- All Factory Machinery
Full Recourse Underwriting:
1.2 Debt Service coverage