Equipment Revolver

Equipment Revolver

A Revolving Equipment Loan or an Equipment Revolver is similar to a revolving credit facility, except a Revolving Equipment Loan utilizes a borrowing-base formula based on the value of the equipment to determine the maximum loan amount that can be periodically drawn by the borrower.

The company can choose to draw funds to meet working capital or capital expenditure needs. The borrowing base is typically recalculated monthly and at the time of each advance.

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