[aak723]

It depends on the value of the equipment - the under 250 k market is limited - typically the sweet market is 500k to 10 million in loans - the money is loaned at 75 percent of the liquidating appraised value and customers credit is not an issue - typical close 7 to 10 business days depending on when the equipment can be inspected.

Mike

Thank you Mike. Concise and on point as always. Yes $500K-$10MM is much easier with no doc programs. It's the smaller deals that drive everyone bananas.