Welcome to Collateral Only Loans
Our Lender is The Industry leader in equipment financing and asset based lending since 1998.
We now offer a true collateral only loan program which requires:
- NO FINANCIALS
- NO TAX RETURNS
- NO BANK STATEMENTS
This is perfect for financing used equipment, refinancing equipment, sale-leasebacks and even financing new equipment.
Great for companies that do not have the strongest financials or may have lost money in the last three years, we don't even look at your financials.
Here is how we loan on equipment values:
- USED Equipment: up to 75% of Auction Value
- NEW Equipment: up to 80% of actual purchase price
- Appraisals: Required on ALL used collateral
- Appraisals Paid by the Borrower
- Interest Rate: Starts at 13%+
- 12-48 month terms based on collateral
- Minimum Transaction: $300,000
- Maximum Loan: NONE
- Time to Fund: up to 10 working days from the date lender receives the appraisers report
The equipment must be free and clear of any liens or the proceeds, or a portion, will have to be used to pay off any lien that may be on the collateral.
We work with most types of equipment and industries. Our specialties include machine tools, construction equipment, office equipment, medical equipment, auxiliary equipment, yellow iron and even molds for the injection industry.
Basically, if your equipment has a serial number on it, we can probably finance it.