If you are looking for one of the lowest interest rate lines-of- credit available today, this is an outstanding funding program for your business. Primarily, this program was developed to provide lines of credit leveraging securities portfolios to a higher loan to value than a standard margin loan.
You can take advantage of the lowest possible interest rates and retain the security of maintaining full ownership of your securities. Your new credit line can then be used for most any legal purpose, other than the purchase of additional marginable securities.
Unlike conventional financing, the application and underwriting process is straightforward and quick. You only need to submit a simple application along with your most current brokerage account statement and we will issue terms within 24-48 hours. Funds can be made available within 48-72 hours from the time their securities are placed into your new brokerage account.
Typically, you will receive a revolving line-of-credit and pay low interest only on what you use on your credit line. Alternatively, you will have a choice of floating or fixed rates and you can lock your rate at any time. Rates are as low as 2%, and you can obtain funding as high as 90% of the value of their securities.
Their securities remain in your name, and you can be approved with very limited documentation. This program is not based on their personal credit or income, so you can get approved even with credit issues or no- revenue producing business. There is no prepayment penalty, and you can receive 100% of your portfolio appreciation. This program accepts foreign nationals as well.