In 2008 bank lending essentially stopped. It is safe to say that 2007 was the best lending environment in history. Tons of money available at incredibly low rates and without covenants. It was an LBO paradise. It seems that 2007 has returned. I’m working with a client on a new banking package. We’ve got a term sheet with good availability. Normal 80% LTV financing on capital equipment. Unlike 2007, the covenants are reasonable for both parties. But the interest rate? I still can’t believe it. Because of non-disclosure agreements, I can’t talk about the rates, but believe me, they are below anything you would expect. Even on 10 year money. As we learned not too long ago … get what you can while you can.