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Credit Facilities (Tables)

6 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Schedule of Credit Facilities

A summary of our loan facilities and subordinated debt financing as of March 31, 2018 is as follows:

		($ in Millions)
		As of March 31, 2018
Lender		Arrangement		Loan Balance				Interest		Maturity Date
Fifth Third Bank		Secured term loan $25 million ceiling (a)		$	14.9			LIBOR* + 3.0%		05/01/21
Fifth Third Bank		Secured revolving line of credit $10 million ceiling (b)		$	—			LIBOR* + 3.0%		05/01/18**

*LIBOR rate as of March 31, 2018 was 1.66%

**Extension of credit line obtained May 10, 2018 (see note 12)

(a) Represents the principal amounts payable on our Term Loan with Fifth Third Bank. The $25.0 million term loan from Fifth Third Bank was funded at closing and is secured by liens on substantially all of the assets of the Company. The principal of the Term Loan is payable in fifty-nine consecutive monthly installments of $312,500 with the remaining balance due on May 1, 2021.

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- References

No definition available.

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- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

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