2.4.0.82104100 - Disclosure - Revolving Credit Loantruefalsefalse1falsefalsefalseD2013Q3YTDhttp://www.sec.gov/CIK0001350420duration2012-10-01T00:00:002013-06-30T00:00:001true1lwenergy_RevolvingCreditLoanAbstractlwenergy_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false2lwenergy_RevolvingCreditLoanTextBlocklwenergy_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Revolving Credit Loan</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company entered into a new master loan agreement with a financial institution on August 21, 2012 and this agreement was amended on April 17, 2013. One of the supplements of the agreement is a monitored revolving credit loan for up to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$8,500,000</font><font style="font-family:inherit;font-size:10pt;">. The amount available and outstanding under the loan cannot exceed the borrowing base as calculated per the agreement (approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$5,240,000</font><font style="font-family:inherit;font-size:10pt;"> as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June 30, 2013</font><font style="font-family:inherit;font-size:10pt;">). The purpose of the loan is to finance inventory and receivables. The Company will pay interest monthly on the unpaid balance at a variable rate (adjusted on a weekly basis) based upon the one-month </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">LIBOR</font><font style="font-family:inherit;font-size:10pt;"> index rate plus </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">3.75%</font><font style="font-family:inherit;font-size:10pt;">. The Company will also pay a commitment fee on the average daily unused portion of the loan at the rate of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">.30%</font><font style="font-family:inherit;font-size:10pt;"> per annum, payable monthly. The term of the loan will expire, and the Company must pay all unpaid principal amounts outstanding under the loan, on June 1, 2014. The loan is secured by substantially all assets of the Company and subject to certain financial and nonfinancial covenants as defined in the master loan agreement. There was a balance of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1,550,000</font><font style="font-family:inherit;font-size:10pt;"> outstanding as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June 30, 2013</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>falsefalsefalsenonnum:textBlockItemTypenaRevolving Credit Loan [Text Block]No definition available.false0falseRevolving Credit LoanUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.lincolnwayenergy.com/role/RevolvingCreditLoan12