Product summary. The authority may offer installment loans directly to the individuals without involvement of their financial partner depending on the requested loan.

Type of Loan: Secured and Unsecured

Purpose: AT Equipment Minimum Loan: None Maximum Loan: $50,000 Rate: Fixed, Prime Rate (determined by Wall Street Journal) plus 50 basis points

Floor: 3%

Term: Up to 120 months or useful life of equipment; special circumstances may warrant longer terms Payments: Fixed; amortized using the term and rate of the loan.