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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