If you’ve filed bankruptcy or have a history of missed or late payments, you can still qualify for a loan. Also, unlike most other lenders, the terms will not change if you have bad credit. We do not run credit checks, so don’t worry about giving out personal information or having to fill out lengthy application forms.
Mineral Loan is interested in a positive relationship with our borrowers, so we’re not looking to take advantage of every possible opportunity to charge more in the small print. Unlike some conventional lenders, Mineral Loan does not hide fees in the small print.
In an effort to make our process as convenient as possible, we’ll usually be able to offer several repayments options to you within a couple of hours. Most loans are funded within a week and many within as little as 48 hours. You’ll know right away if getting a loan from us is what’s best for you.
Mineral Loan was created by a private equity group that has extensive experience in the Oil and Gas industry. The founders recognized a need for owners of producing oil and gas interest to be able to use that interest to secure loans during tough financial times.
Traditional banks and lending institutions will not offer conventional loans against producing mineral and royalty interest because they are unable to accurately measure it’s value, due to ever changing market pricing, as well as the possibility of production, infrastructure and transportation issues. Our extensive experience in the industry allows us the ability to value producing mineral interest with an accuracy that mitigates the risk of lending to mineral owners and therefore allows us to help those that need a custom solution for their finances. While residual income from oil and gas royalties can add up over time, sometimes it takes just a little more for some to meet their financial obligations and goals.
Knowing that debt is not the long-term answer to life's financial challenges, our goal is to lend just what is necessary to get you back on your feet and to help you bridge the gap. Whatever your situation is, we are committed to taking the necessary time to create a plan that suits your financial needs. Call today to see how we can help with your immediate need, while also keeping your long-term goals in mind.