Borrow Using Equity
Receive up to $25,000 using
collateral that we can hold
during the term.
- no credit checks
- you keep vehicle and drive it
- get approved on the phone
- get money within the hour
- no job requirement
- use car, truck, transport
- confidential – fast – secure
Also look into our:
Title Loans – borrow using your vehicle
Motorcycle Storage Loan – borrow using your motorcycle
Repair Loans – borrow to repair your vehicle
What is A Collateral Loan?
A Collateral Loan is a fast and easy way for you to get the cash you need quickly using the equity in an asset that you own. There are many times when we all find ourselves short of cash for an emergency. However, many of us do not realize that we can use our assets to pledge as security for a Collateral Loan. These loans are sometimes referred to as Emergency Loans and Hard Money Loans. Our Collateral Loans typically run for a maximum of four months and are for no more than $25,000.
A condition of the Collateral Loan is that an asset is left with the lender to hold during the duration of the loan. The lender will provide a safe a secure storage location. This asset must be worth more than the loan being requested. Examples of assets that can be used for a Collateral Loan are Classic Cars, Machinery, Cash Surrender Value of life insurance policies and other movable valuable assets. The holding of a classic car is not to be confused with Title Loans that lend against a 2008 or newer vehicle that is paid off. Please see the Title Loan section of this website for more information on this type of loan. Also see our Motorcycle Storage Loans.
We also lend against an irrevocable pay order from your lawyer if you have sold your house and there is a firm closing date. Call for details.
An advantage of a Collateral Loan is that no credit checks are done, a borrower’s debt level is not questioned and they can be completed very quickly, many times within the same day. The whole process usually takes less than half an hour to complete..
If you find yourself caught short for cash, need a loan very quickly and have an asset with value, then call us to see if you can unlock the value of your asset to turn it into liquid cash.