Need a Funder or Vendor? START HERE

Results 1 to 9 of 9
  1. #1

    Collateralized Loan

    Anyone use a bank as collateral?

  2. #2
    Senior Member Reputation points: 35
    Join Date
    Nov 2021
    Location
    Brickell Miami FL
    Posts
    153

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

  3. #3
    Senior Member Reputation points: 42992 SendDocsPlox's Avatar
    Join Date
    Nov 2021
    Location
    in this thread, vigorously mashing the refresh key
    Posts
    242

    deditated wam

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

  5. #5
    Senior Member Reputation points: 99210 ridextreme's Avatar
    Join Date
    Dec 2014
    Posts
    1,065

    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
    Exactly

  7. #7
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,319

    So a cash advance?

  8. #8
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,083

    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

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  9. #9
    At World Business lenders, GSantos@wbl.com, 212.271.8284

    Only real estate as collateral. Any type.

Similar Threads

  1. Loan Collateralized by Borrower IP
    By IPL in forum All Other Lending
    Replies: 0
    Last Post: 05-14-2018, 04:51 PM
  2. Collateralized loan
    By patrickw in forum Deal Bin
    Replies: 0
    Last Post: 11-27-2017, 04:05 PM
  3. Collateralized Loan/Mortgage Refi/Bridge Loan
    By HonestAllyCap in forum Deal Bin
    Replies: 1
    Last Post: 05-28-2016, 12:11 PM
  4. Need a 20k collateralized business loan.
    By Funder Brad in forum Merchant Cash Advance
    Replies: 5
    Last Post: 09-24-2015, 06:51 PM
  5. Collateralized Loan
    By nmanapat in forum Merchant Cash Advance
    Replies: 9
    Last Post: 04-19-2015, 04:41 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

BoA launches business loan marketplace
Quickbooks adds new LOC product
Dext Capital upsizes corp note


DIRECTORY