Line of Credit Program:

-No maximum amount
-6 to 7% rates(libor rates)
-Once a year payment options(paying a portion of the interest)
-Interest only program
-Line of credit based on liquid assets or business accounts receivable

-no credit needed if assets sufficient**

-Assets include stocks, mutual funds, municipal bonds, gov't bonds, bank CD's, investment grade corporate bonds, index funds or ETS-exchange traded funds, and cash, which will be placed into an account to gain interest.
-Each asset has a certain percentage that we can loan against:
1. Stocks, mutual funds, and index funds are all at 50%
2. Investment grade corporate bonds are at 70%
3. Municipal bonds and bank CD's are at 80%
4. Government bonds are at 92%

-This is not a margin account, the interest rates on this program are better and you can borrow more.
-The municipal bonds and investment grade bonds have to be triple B rating or better
-10 to 15 day closings
-As soon as assets are transferred to our bank, they will release the funds for the LOC
-If there is any seperation fee from the bank that currently holds your assets, our bank will cover the fees