QUALIFICATIONS

SECURITIES BACKED LINE OF CREDIT

Collateral Required: Stocks, Bonds, Treasuries, and Other Securities

Securities Approval Amounts: $50,000 and up

401K and IRA Approval Amounts: Prime + 2 and fees – $3500 to $5000

Term: Flexible

Rates: Between 3-8%

Credit Requirements: None

  • $75,000 minimum in Stocks

  • $60,000 minimum in Bonds and Treasury

  • Up to 90% of value

  • No defaults on any government debt including student loans, or a recent bankruptcy or foreclosure within the past 3 years.

  • Securities remain in your name

  • Need to be publicly traded companies

  • Needs to be 100% Vested

  • No longer contributing and no longer employed by the issuing company

  • $35,000 minimum in the 401K account or IRA

Details: Approval amounts are typically similar to their current credit card limits. Pre-approval is a soft pull on credit.

Deal Submission Requirements: For 401k or IRA most recent statement, most recent securities statement, Picture ID (Driver’s LLC)

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