Now Offering GS Select™
Goldman Sachs Private Bank Select® (GS Select™) is a securities-based lending solution that uses diversified non-retirement investment assets in a client’s pledged account as collateral. Our digital platform allows clients to quickly and seamlessly establish a revolving line of credit, providing ready access to liquidity. Our high touch servicing ensures easy management of your loans.
Potential Uses of Securities Based Lending
Size: From $75,000 to $25 million with draw downs starting at $2,500
Use: Any purpose other than purchasing, trading or carrying margin stock
Facility Type: Revolving line of credit; clients can borrow, repay, and re-borrow multiple times
Collateral: Non-retirement investment assets, including stocks, bonds, mutual funds, and exchanged-traded funds
Interest Rate: 1-month LIBOR plus a spread determined by loan amount, reset monthly
Repayment: Interest only, payable monthly; principal can be repaid at any time without penalty
Terms: There is no maturity date
Fees: No application, origination, or annual fees
Documents: No personal financial statement, tax returns, or paper applications
Please access the client brochure for further information on this program.
Credit qualification and collateral are subject to approval. Additional terms and conditions would apply. Loans are offered by the Salt Lake City branch of Goldman Sachs Bank USA (“GS Bank”), a New York state-chartered bank and a wholly owned subsidiary of The Goldman Sachs Group, Inc. GS Bank is a member of the Federal Reserve system and Member FDIC. Goldman Sachs Private Bank is a business of GS Bank. © Copyright 2018 Goldman Sachs, All Rights Reserved. Goldman Sachs Private Bank Select is a registered trademark of Goldman Sachs & Co., LLC.Back To Blog