Billboard loans funds digital billboard projects in Florida

Billboard loans provided $460,000 in financing to a Florida out of home operator.  The funding includes a $300,000 term loan to finance a two sided digital billboard and a $160,000 self insurance line of credit to finance the replacement of digital faces in case they are damaged.  Digital billboard property insurance is prohibitively expensive in Florida due to recent storm damage claims and our client was able to save $45,000 in annual insurance expense by self insuring.