APPROVED: Another Application Only Deal Approved



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.
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.
Taylor Moseley | Collateral Only Loans | 800-226-0049 | info@collateralonlyloans.com

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