LENDER-UE24I10805EB000252
$495.00
Purchase for full contact information of one or more deal team members. All purchases are final and non-refundable.
Description
– Equipment lender
– Loan amounts range from $1 million to $50 million, with a sweet spot between $1 million and $25 million.
– Loan-to-Value (LTV) ratio is 50-75% of Fair Market Value (FLV).
– No covenants are required.
– Loan terms are typically 3-5 years.
– Various types of equipment are eligible, including rolling stock, manufacturing equipment, yellow iron machinery, lab testing equipment, and cannabis equipment.
– The equipment should have some value at the back end.
– Pricing is higher than the non-bank market.
– Capital leases are offered with low double-digit interest rates and a term of 3-5 years.
– No covenants are required for the capital lease.
– The advance is based on the equipment value and the credit of the company.
– For good credit and cash flow, the advance can be 70-80% of Original Loan Value (OLV).
– A hard money product is available with an advance rate of approximately 50%.
– Serves over 25 industry sectors, including agriculture, aviation, automotive, construction, distribution, energy, food & beverage, CBD extraction, cranes, manufacturing, packaging, and rolling stock.
– The loan structure involves an advance based on the appraised OLV for used equipment and on the invoice for new equipment.
– The loan term varies based on the age of the equipment, typically ranging from 3-5 years.