Equip Financing
100%
What is the maximum advance rate for an equipment purchase
Purchase, construction, refinance
What can a CRE loan be used for (uses of proceeds)?
Stated maturity
What product allows for a 12 or 24 month term
1. Complex Equipment that will take 3-4 mos to build
2. Bulk purchase (multiple pieces)
When would you offer a draw/term loan
Conventional, SBA 504 and SBA 7(a)
What three types of loans does Chase offer?
Express Line of Credit
Which line comes with an SBA guaranty?
Advised/Guidance Line
Which product will have multiple notes?
10/20, 10/10, 20/20, 25,25, 10/25, 10/30
What re the available terms/amortization?
Online, phone or check
BOBLOC allows advances in what 3 ways?
any two of these:
1) solid
2) stable
3) limited
4) soft
5) tiltled
What two types of equipment classification?
10%
What is the minimum down payment required for a 504 loan?
70% A/R 40% Inventory
80% A/R 50% Inventory if monitored
What are the two advance rates on a conventional LOC
1) type
2) benefit
3) useful life
4) time frame to purchase
5) term & pricing desired
What 3 things do you need to learn from customer financing equipment?
80% or 60% depending on the particular property type
What are the general LTV's for a conventional loan?
$500K
What is the maximum line amount for a BOBLOC?