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  1. #1

    Collateralized Loan

    Anyone use a bank as collateral?

  2. #2
    Member Reputation points: 35
    Join Date
    Nov 2021
    Brickell Miami FL

    You mean use the bank as the guarantor? Like a bank letter of credit?

  3. #3
    Senior Member Reputation points: 13252 SendDocsPlox's Avatar
    Join Date
    Nov 2021
    Your head, rentfree

    deditated wam

  4. #4
    As in their checking/ saving account as collateral

  5. #5
    Senior Member Reputation points: 73209 ridextreme's Avatar
    Join Date
    Dec 2014

    Quote Originally Posted by MoneyMan1 View Post
    As in their checking/ saving account as collateral
    So they freeze their accounts so they can't take out the cash then?

  6. #6

  7. #7
    Senior Member Reputation points: 503037
    Join Date
    Oct 2016

    So a cash advance?

  8. #8
    Senior Member Reputation points: 22304 Olderguy's Avatar
    Join Date
    Sep 2021
    Irvine, CA

    Passbook loans — sometimes called pledge savings loans — are a type of secured loan that uses your savings account balance as collateral. These loans are offered by financial institutions, like banks and credit unions, and can be a convenient way to borrow money while rebuilding your credit
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  9. #9
    At World Business lenders,, 212.271.8284

    Only real estate as collateral. Any type.

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