On-the-Spot (OTS) loan approval, or loan decisions, are just what they sound like. Immediate credit decisions that save you time! They are based on:
- the type of loan requested (operating, IT, real estate, and home loans)
- character and credit bureau score
- collateral margin or down payment
OTS loans allow you and your loan officer to get your loan approved, or pre-approved, quickly. Subject to conditions including financial and earning information, collateral or appraisal evaluations, and loan closing requirements.
Upon qualification, On-the-Spot Loans are available up to:
$100,000 for Operating and Intermediate-Term Loans
$200,000 for Farm Real Estate Loans
$250,000 for Home/ Part-time Farms with W-2 income/monthly payments
