Trading Card Loans

A: CFC is a licensed California Finance Lender. Established in 2005, CFC lends against precious metals, numismatic holdings and sports cards. CFC is a wholly owned subsidiary of A-Mark Precious Metals, Inc. a public traded company listed on the NASDAQ (symbol “AMRK”) that is a leading full-service precious metals trading company. Founded in 1965, A-Mark reported revenue of 8.1 billion for its Fiscal Year Ended June 30, 2022.

A: CFC’s Operations Team can be reached at (800) 232-5767 or support@cfccoinloans.com to assist with an application.

A: The CFC Operations Team can be reached on at Support@CFCGoldLoans.com as well as (800) 232-5767 to assist with an application or answer questions on an existing loan.

A: No. CFC is a lender and does not offer any advice related to purchasing, holding or selling precious metals.

A: Yes. CFC has a minimum loan size of $25,000. This means that, based on a typical Loan-To-Value ratio of 50%-60% a borrower needs to have approximately $50,000 of sports cards.

A: CFC lends against Vintage Baseball, and basketball cards.

A: CFC typically lends (the Loan-To-Value) up to 60% of the valued sports cards.

A: CFC endeavors to promptly process loan applications. The typical time from the submission of an application to receipt of funds is ten or fewer business days.

A: Yes.

A: CFC’s in-house experts reference a variety of sources including leading third-party rating agencies, auction prices and independent expert opinion to determine collateral values.

A: Individual and joint borrowers are asked to provide contact information, an estimate of their liquid assets and net worth. A copy of a government issued ID (generally a driver license or a passport) is required to secure a loan as well as disclosure related to liens, judgments or pending litigation.

A: Yes. Borrowers must be citizens or legal residents of either the United States or Canada.

A: Yes. A borrower is required to represent that a loan’s proceeds will be used for commercial investment purposes. The objective of this restriction is to ensure that someone is not borrowing capital to fund day-to-day personal expenses.

A: No. Prior bankruptcies or a less than optimal credit record do not directly impact loan decisions.

A: Yes. CFC will perform a search of relevant Uniform Commercial Code (UCC) filings to ensure that there are no claims on the proposed collateral.

A: CFC loans are for 180 days. Borrowers are generally offered the opportunity to renew their loan several weeks before maturity. Most CFC loans are renewed for multiple terms.

A: No. Loans do not have origination, pre-payment or any other fees with the exception of a storage charge on the full value of their collateral.

A: Interest rates are based on a combination of factors including trends with key reference points such as key index rates, loan size relative to value, collateral complexity and, as it relates to renewals, a borrower’s history of timely payments.

A: Interest is calculated daily based on a 360-day calendar year.

A: Interest is billed monthly.

A: Loan statements are sent by e-mail.

A: Payments may be made via check, or bank wire.

A: Yes. CFC will, on a case-by-case basis, consider requests to extend additional capital based upon market conditions and other factors.

A: Yes. A decline in collateral value based upon current market prices can result in a margin call. The purpose of a margin call is to return a loan to an acceptable Loan-To-Value ratio. Borrowers are generally provided an opportunity to meet a margin call by supporting their loan with additional collateral or cash capital as well as authorizing CFC to monetize a portion of their existing collateral.

A: Yes. A loan can be paid off any time without incurring any fees. Loans may be repaid by bank wire, check or through the authorized sale of the underlying collateral.

A: Yes. A borrower may request that collateral be released either by providing substitute precious metal of equivalent value or, if the value of their collateral has increased during a loan’s term, monetizing a portion of that increase while remaining cognizant of CFC’s Loan-To-Value guidelines.

A: Collateral is stored in our fully secured and insured depository in Las Vegas.

A: CFC provides borrowers with a range of shipping options via the United States Postal Service and UPS and armored carriers.

A: Yes. CFC provides insurance coverage for approved shipments via the United States Postal Service. CFC’s Operations Team is available to provide more details on the terms and conditions of insurance coverage.

A: CFC works with a range of globally recognized shipping companies (primarily the United Stated Postal Service, UPS and FedEx) to return collateral to borrowers. The borrower is responsible for the cost of the return shipment while CFC provides insurance coverage.

A: CFC offers dealers competitive financing on their inventories to provide needed liquidity, the ability to swap collateral quickly and the opportunity to offer their retail customers third party financing for their purchases. In addition, CFC offers dealers competitive financing on their inventories to provide buying power before auctions.