Any
loan request presented to the general partnership members must
first be secured by unrestricted, free trading shares of publicly
traded companies or by financial instruments that can be
immediatly sold or liquidated.
Acceptable collateral can be
shares traded on the NYSE, AMEX, NASDAQ stock exchanges. The partners
may vote to accept NMS, OTC BB, selected Foreign and Pink
Sheet stocks. Acceptable shares must have strong trading volume.
The average loan-to-value for a stock which trades 25,000 shares a day at $4 a share is 75%.
Acceptable Securities Include:
* Stocks
* Mutual Funds
* Bonds
* U.S. Treasury Notes
* Most Foreign Securities.
Instruments NOT Usable as Collateral include:
* CD's*
* Money Market Accounts*
* Annuities
* SBLC's
* Bank Guarantees or Warranties
* Commodities
* CMO's
* Gold or Silver Mines
* Precious Stones
* Bearer Bonds*
* Private Notes or Private Bonds
* Maturing Bonds (coming due within 3 years)
* 401(k)'s, IRA's or any Restricted Retirement Funds
Minimum Loan Requirements Securities
that qualify as collateral are Publicly and Actively traded stocks,
mutual funds, bonds and treasury notes that are not restricted in any
manner.
• Minimum loan amount is $100,000
• Minimum loan term is 3 years
• Minimum average trading activity on stocks must be $50,000 per day. (Average volume x current share price.)
• Borrower must have proof of ownership of the securities.
• We do not ask for credit history, income, employment or the intended use of the funds.
* CD's, Money Market Accounts & Bearer Bonds may be converted
to cash; then acceptable securities may be
purchased and used as collateral.
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This information does not constitute an
invitation to buy or the solicitation of an offer to sell securities or to
accept deposits or to provide any other products or services in any
jurisdiction, to any person to whom it is unlawful to make such an offer or
solicitation.
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