Guidelines

  • Type of Loan:                                Revolving Line of Credit
  • Interest Rate:                                2.50% - 5.50%
  • Loan Terms:                                  Loans are perpetual. Fixed rate loans are where the RATE is fixed for the term                                                             chosen by the borrower. 6 months to 7 years are available.
  • Payment Structure:                       Interest only, monthly loan payment. No payment is due if the borrowers credit line                                                       exceeds the amount of the funds drawn on the account.
  • Minimum Loan Amount:                $100,000
  • Maximum Loan Amount:               Based on the securities pledged.                                                                                                                                                                                                                                                                   Note - We will not consider more securities to be pledged than the total of a 3 day average volume.
  • Minimum Trading Volume:           50,000 average daily trading volume.
  • Credit Check:                              NONE
  • Income Verification:                     NONE
  • Pre-Payment Penalty:                 ARMS': NONE, Fixed Rate: YES
  • Lock Out Period:                        NONE
  • Recourse:                                  Limited recourse. Assets pledged may be liquidated to payoff the credit line.
  • Loan Origination Fee:                3.50% - 5.50%