• Max credit line: $250,000 (minimum $25,000 advance).
• Advances for specific equipment purchases/refinances.
• Advances termed out up to 10 years, depending on estimated useful life of equipment.
• Max loan-to-value ratio can be up to 100%.
• Secured by specific equipment financed.
• Owner personal guaranty typically required.
• Renewable annually.
• Both variable and fixed rate options on termed out advances.