[skideeppow]

I have a pawn shop i opened up with merchant processing. He wants to do 12 -18 month loans backed with collateral.

So he said that pawn shops in Colorado can not go out more than 30 days.

Who here would be willing to write these deals, loans that are backed with collateral (house vehicle etc) and go out 8-12 months.

THanks for any input.

[Jstarr]

if they are residential non owner occupied properties, then we could assist, as long as its not rural.

[RichardGerard]

Challenge is that the collateral is so transient. There are Funders on this forum that have funded Gold Exchanges which are essentially similar business models. If they do not reach out directly feel free to PM me.

RG

[CStewart]

Pledgecap?

[abfunders]

Pledgecap?

Pledgecap is one step better then a pawn shop for borrowers with big items.
A pawn shop keeps the stock on the shelves - that's the point.
Pledgecap takes them off the shelves - and most things on the shelves of a pawn shop, pledgecap won't touch.

Of course, if it's the car/house, then he should go the SBA route. Pledgecap might help for the car, but he's not going to give up his car for 12 months.