Equipment loan, robot fleet
Proposed terms for the example fleet. Capitalized words carry the meaning given here.
- Collateral
- 50 industrial arms, each a complete palletizing cell, installed.
- Fleet Value
- $6,250,000, the sum of the price of each robot on the Price List.
- Advance Rate
- 70% of Fleet Value.
- Loan
- $4,375,000, the Fleet Value multiplied by the Advance Rate.
- Term
- 36 months from close.
- Repayment
- Principal repaid in equal monthly amounts over the Term.
- Fee
- About 1.5% of the Loan at close: $65,625.
- Arranger
- Ferra, which prices the robots and arranges the Loan.
- Lender
- A private credit lender that finances equipment and provides the money.
Actual terms depend on the lender and the robots. This is an example, and it is not an offer or commitment to lend.
Example · Page 1 of 3