Term Loan A
Term Loan A financing allows you to borrow against new or existing machinery and equipment and against commercial real estate.
Advance Rates and Amortization
- Machinery and equipment
- Up to higher of 100% of forced sale value net of liquidation expenses, and 85% of net orderly liquidation value and 80% of invoice for new equipment hard cost
- Amortization up to seven years
- Consistent with cash flow capability and machinery and equipment value depreciation
- Tenor up to five years
- Commercial real estate
- Up to 75% of fair market value
- Amortization up to 15 years
- Tenor up to five years
Collateral Monitoring
Typically requires:
- Field examinations and periodic appraisals
- A standard financial covenant package tracked on a monthly or quarterly basis