3 Steps to Request Funds Online. Fill out the Form. short and easy form safe secure. See If You're Approved. real-time request review large network of lenders. Check Your Account. convenient borrowing option money into bank account.
This is the bottom slider area. You can edit this text and also insert any element here. This is a good place if you want to put an opt-in form or a scarcity countdown. Were Committed To Service, Speed Security. Connect with a Helpful Lender. We commit to mantis merchant cash advance you with an approved lender. We also made the process simple. No need to visit hundreds of websites and fill out numerous paperwork. The Need for Speed.
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Only you can decide if a Spotloan is right for you. Banks, credit cards, or even friends and family may be able to offer you better loan terms. We encourage you to check with them before you apply for a Spotloan. Spotloan SM is a brand owned by BlueChip Financial, a tribally-owned entity organized under and governed by the laws of the Turtle Mountain Band of Chippewa Indians of North Dakota, a federally recognized Indian Tribe.
BlueChip is located on and operates within the Tribes reservation. Please note: This is an expensive form of credit and is intended only for short-term financial needs. Spotloans are designed to help you deal with emergencies such as rent, medical bills, car repairs, or expenses related to your job. Spotloans are not mantis merchant cash advance to solve longer-term credit or other financial needs, and alternative forms of credit may be better for you, including borrowing from a friend or relative; using a credit card cash advance; taking out a personal loan; or using a home equity loan or savings.
Contact one of our relationship managers to discuss if a Spotloan is right for you.
In a cash collateral agreement, a borrower agrees to put money in mantis merchant cash advance bank account or trust fund as a financial guarantee, enabling the lender to periodically withdraw cash from that account to repay the loan. In essence, cash in the collateral account no longer belongs to the debtor.
For example, a bank consents to a 1 million secured loan with a company and asks top leadership to post collateral in the form of a long-term asset, short-term resource or cash. Senior management decides it's strategically sensible to use cash rather mantis merchant cash advance equipment, and then directs corporate treasurers to transfer 1 million into a newly created special-purpose account. During the loan amortization period, money will come out of this account to repay the debt.
Significance. Lenders generally delight in the financial flexibility and risk management relevance of cash collateral agreements because they provide peace of mind on the default front. In essence, creditors can't lose in a cash collateral funding arrangement because they can always seize money from defaulting borrowers' accounts to make themselves whole.