True Stories
of Real Financing

Cookie-cutter financing? Not here! The needs may be the same -- more money -- but every situation is unique because every customer is unique.

Fact: We can structure deals that no bank can even attempt. Bank regulations restrict the kinds of deals that they can accept, but at Click4Loans we have the freedom to consider every option. Where you might see nothing but impossibilities, we can see a whole range of solutions.

Take a look at a few of the deals we have done recently, as told by Keith Plasse, owner of Click4Loans:

CD means "Can Do" for New Bakery

Challenge: A fellow came to me who wanted to open a new upscale bakery. Trouble is, he had no credit. It was a brand new business. He needed $100,000 to get the first store open, with plans to open more later. He hunted for a bank that would lend him the money, but he had nothing as collateral. I had to do something to establish a foundation, to give him some credibility to lenders. The absolute best he could scrape together from himself and family was $50,000, but he needed every penny of it for his plan!

Solution: I saw how determined this guy was, so I got creative. At my suggestion, he put the $50,000 in a Certificate of Deposit (CD) at the bank. Then he pledged the CD against a loan, which got him the $100,000 he needed. It was in his name, earning interest, and working for him at the same time. Naturally the new equipment was also collateralized, and that gave him double coverage for his loan. In the course of two and a half years, he was able to open four stores and is doing well today. The CD was released to him during that time, and so he and his family kept their money, went into business, and even earned interest in the process!

Used Machinery Yields New Bucks

Challenge: A fellow came to me who had a machinery parts and service company. They flew around the country, on contract, fixing machines. He wanted to open a new service through his existing company, but didn’t have the capital it would take. All he had was lots of used, paid-for machinery lying around, stuff he was cannibalizing to repair other machines. ***

Solution: I looked at the equipment he had on hand, took an appraised value of it, and was able to use it as collateral to get him the $400,000 that he needed. He had no idea of the value of all that gear he had lying around. Naturally, some equipment has more value than others, but most businesses don’t take into account the things they have on-hand which are already paid for. When you focus on the Used Equipment category, you might find that you have valuable items right under your nose that we could use to secure a loan and get you the cash you need.

Making Ice Cream with Jet Skis

Challenge: How to open a new ice cream parlor in a high-traffic tourist area when the prospective owner had little or no credit? He only needed about $30,000 – a small amount in the lending industry – but even that seemed impossible. All that he had were some things he personally owned.

Solution: Among his possessions were a couple of jet skis and a paid-for truck. He pledged those to secure a loan for his food service equipment and furniture to get started. Once purchased, the shop’s equipment was also collateralized. As a result, he got the $30,000 he needed and went on to succeed! After awhile, the pledge was released and he got to keep his jet skis and truck.

Here’s a few of "Keith’s Quickies:"

• A privately-held high tech company needed to get more equipment. The owner had a lot of NYSE-traded stocks in his portfolio. I was able to take a pledge of just 30 percent of the stock’s value as security. He got the money he needed and never had to actually sell the stock.
  
• A Korean family, rather new to the United States, wanted to open a drycleaning business. They could have taken a second mortgage on their house, but I had a better idea. Instead, we used an Indemnity Deed of Trust (IDOT) on their primary residence and got them $100,000 – more than a second mortgage would bring. They got the full amount they wanted while avoiding being saddled with a second mortgage. I’d say they "cleaned up" on that one.
  
• A commercial laundry needed to update their equipment and came to us for a creative solution. Turns out the owner had a valuable collection of rare coins, but he really didn’t want to sell them. We used the coins as a pledge against a loan and got him the money he needed for those new industrial machines. He still has the coins and is doing great.
  

What Will Your Story be?

You’ll never know until you try! Fill out our Secure Form and let us go to work for you.

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