Concentration of Credit Risk and Major Customers

12 Months Ended

Dec. 31, 2016

Concentration of Credit Risk and Major Customers [Abstract]

Concentration of Credit Risk and Major Customers

3. Concentration of credit risk and major customers:

The Company leases equipment to lessees and provides debt financing to borrowers in diversified industries. Leases and notes receivable are subject to the Managing Member’s credit committee review. The leases and notes receivable provide for the return of the equipment to the Company upon default.

As of December 31, 2016, there were concentrations (greater than or equal to 10% as a percentage of total equipment cost) of equipment leased to lessees and/or financed for borrowers in certain industries as follows:

	Percentage of Total Equipment Cost
Industry	2016
Railroad	28%
Agriculture	16%
Paper Processing	15%
Utilities	15%
Refuse systems	12%

During 2016, certain lessees and/or financial borrowers generated significant portions (defined as greater than or equal to 10%) of the Company’s total leasing and lending revenues, excluding gains or losses on disposition of assets, as follows:

		Percentage of Total Leasing and Lending Revenues
Lessee	Type of Equipment	2016
Cargill, Inc.	Agriculture	25%
Indiana Michigan Power Company	Marine	20%
Waste Management of New York, LLC	Refuse systems	18%
Schenker, Inc.	Materials handling	10%

These percentages are not expected to be comparable in future periods due to anticipated changes in the mix of

investments and/or lessees as a result of normal business activities.