With a securities-backed line of credit, do I have to be listed as the borrower?


This platform is completely flexible. What we wanna remember is that we’re simply utilizing assets as collateral, and it’s non-purpose. So, once again, meaning it can be used for anything. And the owner of the dealership, the principal dealer, is typically the person that’s borrowing the money, but not always. It can be the principal dealer’s related entities. It can be the dealership itself. It can be the reinsurance company. So very flexible in terms of who’s borrowing the money. Who the borrower will ultimately be is not critical. What is critical is that we’re utilizing the surplus assets for collateral for any non-purpose line of credit or loan that we’d like to make.

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