• $40,000 Farm Tractor
• Seller owed $18,000 on equipment
• Additional Collateral: $30,000 Combine + $5,000 in cash
The buyer in this transaction did not have enough collateral equipment to cover funding. He was able to bridge the collateral gap with cash down. Dakota funded $18,000 to the seller’s bank to pay off the equipment and then $22,000 to the seller directly.