EQUIPMENT EQUITY LINE OF CREDIT
REVOLVING CAPITAL FROM EQUIPMENT YOU ALREADY OWN
The EELOC gives owner-operators a revolving credit line backed by the equity in owned equipment, trucks, and machinery. Pull equity from a single piece or bundle up to 15. Draw what you need, repay, and draw again.
A REVOLVING LINE OF CREDIT BACKED BY YOUR EQUIPMENT
An Equipment Equity Line of Credit (EELOC) is a revolving credit facility that lets owner-operators borrow against the equity in equipment they already own. Unlike a traditional term loan where you receive a lump sum, the EELOC works like a credit line. You draw capital when you need it, repay it, and the capacity becomes available again. You only pay interest on what you have drawn, not the full line amount.
WHY AN EELOC
REVOLVING ACCESS
Draw, repay, and re-draw capital as your business needs change. Your equipment equity works like a credit line, not a one-time loan.
PAY ONLY WHAT YOU USE
Interest is charged only on the outstanding drawn balance. Undrawn capacity sits ready at no additional cost.
EQUIPMENT-FOCUSED UNDERWRITING
We look at the collateral first. Equipment value and ownership drive the decision, not just financial statements or credit scores.
FAST ACCESS TO CAPITAL
Once your line is established, draws can be processed quickly. No need to re-apply every time you need capital.
PRODUCT
EQUIPMENT EQUITY LINE OF CREDIT
TWO PATHS TO REVOLVING CAPITAL
Micro EELOC
Equipment Equity Line of Credit
CREDIT LINE AMOUNT
$100K - $500K
BEST FOR
Owner-operators who need flexible, ongoing access to working capital.
FINANCIALS
6 months business bank statements and 1 year tax return
COLLATERAL
Owned equipment, machinery, trucks, or titled assets
DRAW FEATURE
Draw capital as needed, repay, and re-draw. Interest only on drawn balance.
Alpha EELOC
Equipment Equity Line of Credit
CREDIT LINE AMOUNT
$500K - $2M
BEST FOR
Owner-operators with larger equipment pools or fleets needing revolving capital.
FINANCIALS
Full financials required
COLLATERAL
Multiple pieces of equipment, machinery, rolling stock, trucks, or industrial assets bundled together
DRAW FEATURE
Revolving draws against established credit line. Repay and re-draw as business needs change.
EELOC vs EEL: WHAT IS THE DIFFERENCE?
EELOC (Line of Credit)
- Revolving credit line
- Draw, repay, and re-draw capital
- Interest only on what you draw
- Ongoing access to capital
- Ideal for recurring or seasonal needs
- Credit line stays open during the term
EEL (Term Loan)
- One-time lump sum funding
- Fixed repayment schedule
- Interest on full loan amount
- Single capital event
- Ideal for large one-time needs
- Loan closes after repayment
EELOC STRUCTURE & TERMS
CREDIT LINE AMOUNT
$100K to $2M
LOAN TO VALUE
70% to 75% of Wholesale Equipment Value
TERM
Revolving, 12 to 36 month draw periods
RATE
Prime + 5-10%
Floating rate, interest on drawn balance only
FINANCIALS
Micro EELOC: 6 months bank statements + 1 year tax return. Alpha EELOC: Full financials required.
REVENUE REQUIREMENT
No minimum annual revenue requirement
DRAW & REPAY
Draw capital as needed, repay, and re-draw against available equity. No penalty for early repayment.
COLLATERAL
Single piece or bundle up to 15 pieces of owned equipment, machinery, trucks, or titled assets
SECURITY
First lien UCC-1, titles, proof of ownership, and guarantee may be required
REPORTING
No financial ratio covenants or reporting, if applicable
APPRAISAL
Equipment value review or appraisal will be required
BEST FIT COMPANIES
The EELOC is built for owner-operators with:
BUILT FOR OWNER-OPERATORS
Construction & Site Work
Manufacturing & Industrial
Waste, Trash & Environmental
Septic, Sewer & Wastewater
Aggregate, Mining & Quarry
Agriculture & Land Services
Recycling
EQUIPMENT THAT CAN BE USED
USE YOUR EELOC FOR
HOW THE EELOC WORKS
Equipment Review
We review the equipment you already own, including type, year, make, model, estimated value, title status, and payoff balances.
Equity & Line Sizing
We estimate the available equity and determine the size of the revolving credit line your equipment portfolio can support.
Line Structure
We identify whether the file fits the Micro EELOC or the Alpha EELOC and structure the revolving terms accordingly.
Term Review
If the file qualifies, we review the credit line amount, draw terms, rate, collateral requirements, and closing timeline.
Line Established & First Draw
Once approved and closed, your revolving line is established. Draw capital as needed while your company keeps operating the equipment.
NEED REVOLVING ACCESS TO EQUIPMENT EQUITY?
The EELOC may help you access a revolving credit line backed by machinery, trucks, and equipment you already own.
Request your EELOC review today.
For owner-operators seeking $100K to $2M in revolving equipment-backed capital.