Up to 60% of eligible inventory with hither advance rates available based upon appraisal and to meet seasonal needs
Term Loans
Up to 80% of orderly liquidation value of equipment
Up to 60% of appraised fair market value of real estate
Capital expenditure facilities available to finance new equipment purchases
Amortization
Up to 7 years – equipment loans
Up to 15 years – real estate loans
Industries:
Manufacturers, distributors, selected service and transportation companies with sales from $5 million to $100 million.
Performance:
Prospects should generally be profitable with sufficient cash flow to cover debt service. Turnarounds are selectively considered provided a return to profitability can be documented through due diligence.
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