Hi guys. Long time listener, first time caller.
I'm in the market for a securities backed loan for $100K to open a business. I have a portfolio of just over $400K.
I have an 806 credit score. No active income at the moment.
Can you guys make recommendations of lenders? Looking for the lowest interest rate possible.
Thanks 🙂
Securities backed loan options?
byu/SoulCoughing97 ininvesting
Posted by SoulCoughing97
2 Comments
You could seek a SBLOC, but unless you have a high net worth there is not much negotiating power.
Are the margin rates from interactive brokers unacceptable to you as a dynamic line of credit?
Your best option, although slightly technical, may be use box spreads on a European style option (eg SPX), those will converge very close to the minimum cost of carrying money.
Robinhood and Public have great margin rates