Types of Collateral
Types of Collateral for Borrowers
At J. L. Lane Lending, LLC, we understand and appreciate your business interests. You might be starting a new house flipping empire or updating your semi-trailer to haul freight between Montgomery and New York City. Our priority is to meet your lending needs quickly and simply. While many lenders use a business’ credit score as a determining factor in their eligibility for a loan, we believe a bad credit score should not disqualify a business from receiving financing. Our local company helps you get the capital you need for your investment with secured loans. This method allows you to offer a property or possession of value as collateral to collect a loan. With the funds we approve, you can afford new property, equipment, or vehicles to keep your business running.
Collateral Options to Secure Your Loan
When we consider your loan application, your form of collateral plays a significant role in your financing approval. The monetary value of the items or properties you offer as security must cover the liability of your loan. However, with collateral acting as assurance that you will repay your debt, J. L. Lane Lending, LLC foregoes any concerns over credit. A bad credit score should not prevent you from achieving your business goals, which is why we’re proud to partner with a multitude of small businesses and owner-operators in a wide array of industries. Our team of lending specialists wants to help you fund your business interests, even when bad credit has prevented you from getting a loan from another lender. Your collateral will allow you to receive a fast loan for your business endeavors. To ensure you understand the types of collateral we accept at our local lending company, we advise you to view our list of primary and secondary collateral options.
Primary Types of Collateral:
Personal and business properties you or your company own
Cars, trucks, and other vehicles that you own for business or personal use
Any type of trailer with adequate value to cover the security needs of a loan
Tools, machinery, and other equipment you use for personal or commercial purposes
Get Started on Your Loan with J. L. Lane Lending, LLC
We’re ready to help your business expand with a secured loan. Give us a call today to speak with a member of our team about your collateral options.