Secured Loans are financing alternatives to our Borrowers to acquire new or used equipment. These financings can also be used to raise short or long-term financing to attend Borrower’s working capital / investment needs, or swap expensive financings. In all these cases, the Borrower legally owns the asset but the Lender holds a lien against it as security, or takes possession of collateral until the debt if satisfied. The Borrower retains the risk and benefits of ownership all the time.

Chattel Mortgage: An instrument by which a borrower gives a lender a lien on property (other than real estate) as security for payment of an obligation. The borrower continues to use the property and when the obligation is fully extinguished, the lien is removed.