The mineral industry is a dynamic and often unpredictable realm where financial needs can arise suddenly. Recognizing this, Miller Creek Lending has streamlined a comprehensive mineral loan process that empowers mineral owners and operators to access capital swiftly and efficiently, using their valuable mineral assets as collateral. Our approach is rooted in transparency, professionalism, and a commitment to ensuring that our clients receive the best possible support throughout their loan journey.
Step 1: Verifying Mineral Ownership
We start by verifying mineral ownership, ensuring that you have clear and valid ownership rights over the mineral assets you intend to use as collateral. This step is crucial to maintain the integrity of the loan process.
Step 2: In-Depth Analysis
Our team of experts then conducts a meticulous analysis to determine the loan amount we're willing to offer for your mineral assets. We take multiple factors into account, including your creditworthiness, the valuation of your mineral assets, and most importantly, your current royalty cash flow. This holistic approach ensures that our loans align with your financial needs and capabilities.
Step 3: Presentation and Discussion
Following our analysis, we present our findings to you, including the proposed loan amount and interest rates. We believe in open and honest communication, and there is absolutely no obligation if you choose not to proceed with the loan. Your financial well-being is paramount, and we respect your decisions.
Step 4: Documentation and Processing Fee
If you accept our loan offer, we provide all the necessary closing documentation, including but not limited to loan terms, a deed of trust, and a mineral deed. There is a one-time processing fee of $89.00, which covers the administrative costs associated with finalizing the loan.
Step 5: Swift Funding
Once the loan terms are agreed upon and all documentation is in order, we ensure a quick and efficient process to get you the capital you need. We aim to wire the funds within 7 business days, ensuring minimal disruption to your operations or financial plans.
Step 6: Timely Repayments
We ask all borrowers to make monthly loan payments on time, with the added convenience of direct deposit. Timely repayments are essential to maintaining a smooth and mutually beneficial lending relationship.
Miller Creek Lending is dedicated to facilitating the growth and success of mineral owners and operators in the industry. Our mineral loan process is designed to provide you with the support and resources you need to maximize the potential of your mineral assets. With a commitment to transparency and a client-first approach, we're here to help you unlock your mineral wealth and navigate the financial landscape with confidence