Frequently Asked Questions
Answers to Regularly Asked Questions
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We lend up to $500,000 depending on your collateral.
We determine the value based on a percentage of what we think we can sell the collateral for if you do not repay the loan. We take into account the age and condition of the collateral as well as other market factors. Your items will be appraised fairly by our professionally certified team who will make sure you get a fair loan for your asset.
Our rates are very low at 3% Interest per month, plus reasonable storage fees for size of security. Please call us today for no-obligation quotes.
There are additional storage fees for larger items (e.g. automobiles, trucks, boats, motorcycles, RVs and jet skis) that require off-site storage. These additional storage fees range from $100 - $250 per 30-day term, depending upon the size of the collateral.
No, you do not need to pre-qualify to receive a MyBridgeNow short term loan.
No, your loan is solely based on the value of your collateral.
To facilitate private meetings, all meetings are by appointment only. However please call us and we will make arrangements to see you as soon as possible.
We accept many forms of collateral to help get you a loan. Some items we accept include jewelry, artwork, firearms, higher-end musical equipment and instruments, boats, cars, trucks, RVs, snowmobiles, jet skis, construction/contractor equipment and commercial equipment.
MyBridgeNow offers short term loans only (typically 30 days) with options to extend repayment considered on a case-by-case basis.
We keep your collateral. Your collateral becomes the property of MyBridgeNow to sell and recoup what we've loaned and cover our costs.
We are unable to use these for collateral. However, most people also have options for collateral like jewelry, collectables, autos, RVs, Boats, and many other items we accept.
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