Soft Cost Guidelines

Soft costs (other than computer software) in excess of 10% of total equipment cost, must be reviewed by an underwriter of the bank.  Some examples of these costs include: installation, shipping, and training.

Computer Software costs are permittedd to 40% of total equipment cost.  Computer Software costs in excess of 40% of total equipment costs are subject to the following:

Equipment Cost	Financial Disclosure
<$25,000.00	Optional
$25,000 - $50,000.00	Optional
>$50,000.00	Officer Discretion

 

Any transactions involving only computer software and no hardware should be limited to companies with very strong balance sheets and/or personal guarantors.