Posts

Showing posts from May, 2017

Collateral Only Loans : Asset Based Lending

Image
Under our collateral only loan program we just need an application and the equipment list. Here are our acceptable equipment value guidelines as to what we can loan against: Used equipment : We loan up to 75% of the equipment forced liquidation value. New equipment: We loan up to 80% of the new equipment cost. Here is a list of items we need to look at a deal: Application Collateral list or invoice NO FINANCIALS REQUIRED NO TAX RETURNS REQUIRED NO BANK STATEMENTS REQUIRED Call us today to discuss your transaction at 800-226-0049 or visit us online at www.collateralonlyloans.com or send us and email at info@collateralonlyloans.com. We look forward to helping you. Henry Grace | Collateral Only Loans | 800-226-0049 | info@collateralonlyloans.com

APPROVED: Another Application Only Deal Approved

Image
Collateral Only Loans, LLC  is happy to approve another transaction under our Application Only Program from $300K to $30MM. It literally is the simplest asset based program in the country. This most recent client was introduced to us at the manufacturer level. Their dealer was unable to get this transaction approved. Client was looking to get approximately $470K for a brand new excavator. We are able to approve just under $400K. To help with the difference, the client had existing equipment, in which we are able to loan against. Check out what the client told us when the approval was generated: "Check your math, the monthly payments are too low." Under our  collateral only loan  program we just need an application and the equipment list. Here are our acceptable equipment value guidelines as to what we can loan against: Used equipment : We loan up to 75% of the equipment forced liquidation value. New equipment:  We loan up to 80% of the new equipment cost. H

APPROVED: Another Application Only Deal for $480K

Image
We are very happy to approve yet another customer under our  Collateral Only Loan  Program. Our Application-Only program is from $300K to $30MM. You heard it correctly. All we need is an application and an invoice or equipment list. Our true asset based program is simple. Here is how it works. We lend against equipment and equipment equipment only. We lend up to 75% of your used equipment's FLV (forced liquidation value) We lend up to 80% of your new equipment's cost or invoice We DO NOT NEED FINANCIALS We DO NOT NEED TAX RETURNS We DO NOT NEED BANK STATEMENTS Our minimum loan value is $300K We can use cash, equipment or trade in value to get to the 75 to 80% loan value Equipment must be free and clear of an liens IT"S THAT SIMPLE If your company is looking to purchase equipment or refinance equipment and your financials may not be in the best shape, this may be the perfect program for you. Call us today to learn more at 800-226-0049 or visit us at  www

Approved : $300K in Equipment : Application Only From $300K to $30MM

Image
Collateral Only Loans, LLC  is happy to approve yet another transaction under our Application Only Program from $300K to $30MM. It literally is the simplest asset based program in the country. This latest client was actually introduced to us from another lender who could not get the deal approved. Client was looking to get $200K from refinancing his fleet of school buses. Our minimum loan amount is $300K, but since the client had plenty of collateral he qualified for the full $300K. Under our  collateral only loan  program we just need an application and the equipment list. Here are our acceptable equipment value guidelines as to what we can loan against: Used equipment : We loan up to 75% of the equipment forced liquidation value. New equipment:  We loan up to 80% of the new equipment cost. Here is a list of items we need to look at a deal: Application Collateral list or invoice NO FINANCIALS REQUIRED NO TAX RETURNS REQUIRED NO BANK STATEMENTS REQUIRED Call us