TERM OF LOANS

The maximum term of a loan must not exceed the useful life of the real property, or 80 percent of the useful life of the equipment or machinery, or the following limits, whichever is less: A. ten years for land, buildings, septic systems, or other real property; B. five years for equipment or machinery; or C. a weighted average of the limits under items A and B for loans for a combination of real property and equipment or machinery.