Frequently Asked Questions – Longline Lending LLC



Sioux Falls

Loan Origination

1-Day

Closes

1 K+

Transactions Funded

  1. What is Longline Lending LLC?
    Longline Lending LLC is a non-depository financial institution licensed as a Money Lender by the South Dakota Division of Banking (License # 2471751.MYL). We specialize in short-term, asset-backed financing for high-net-worth individuals, their trusts, LLCs, and special-situation borrowers with complex, multi-jurisdictional credit needs.
  2. Who are your clients?
    We serve high-net-worth individuals (HNWIs), their investment vehicles (e.g., trusts, LLCs), and their affiliated businesses requiring tailored lending solutions. Our clients often face unique, sometimes global, structuring or collateral challenges that traditional lenders cannot address. Longline Lending has the expertise and motivation to craft custom credit products to meet and exceed the expectations of such clients and their advisors.
  3. What types of financing do you offer?
    We provide a range of short-term, asset-backed finance products and ancillary services, including but not limited to:
    • Consumer loan origination and brokering
    • Industrial loan financing
    • Margin lending
    • Note sales
    • Premium finance lending
    • Property tax advances
    • Retail installment financing
    • Title lending
    • Loan servicing and accounting
    Each service is customized to meet the specific needs of our clients, in compliance with South Dakota and Federal law.
  4. How do I apply for a loan?
    Qualified borrowers may initiate an application by contacting our financial officers through our secure Contact page. We will guide you through our rigorous yet discreet application process, which includes Know Your Customer (KYC) verification.
  5. What sets Longline Lending apart from other lenders?
    Our concierge-grade service, conservative underwriting, and expertise in multi-jurisdictional collateralization distinguish us. As a South Dakota-licensed Money Lender, we prioritize compliance, transparency, and tailored solutions, addressing market gaps ignored by traditional financial institutions.
  6. How secure is my information with Longline Lending?
    We employ industry-leading security measures, including TLS 1.3 encryption, multi-factor authentication for client portals, and compliance with federal and state data protection laws. All client interactions are handled with the utmost confidentiality.
  7. Can investors work with Longline Lending?
    Yes, we partner with accredited investors to fund our lending activities through note purchases or capital advances. Interested investors may contact our team to discuss opportunities, subject to regulatory compliance.
  8. Is Longline Lending LLC a licensed financial institution?
    Yes, Longline Lending LLC is considered a financial institution under South Dakota Codified Law (SDCL), licensed as a Money Lender by the South Dakota Division of Banking in accordance with SDCL 54‑4, holding holding License # 2471751.MYL. You can verify our license at dlr.sd.gov or through the Nationwide Multistate Licensing System & Registry (NMLS) Consumer Access portal.
  9. What does it mean that Longline Lending is a non-depository financial institution?
    As a non-depository financial institution, Longline Lending LLC does not accept or hold public deposits, such as checking or savings accounts, per SDCL 54‑4. Instead, we fund our lending through our own liquidity as well as investor capital, note sales, or other non-deposit sources. This allows us to focus exclusively on providing specialized loans to our clients without the regulatory complexities of deposit-taking, ensuring flexibility and efficiency.
  10. What regulations govern Longline Lending’s operations?
    We operate under SDCL 54‑4, which regulates Money Lenders in South Dakota. Key requirements include:
    • Maintaining a sufficient surety bond to protect clients.
    • Submitting periodic lending reports to the South Dakota Division of Banking within 14 days of each quarter’s end.
    • Renewing our license annually by December 31.
    • Complying with FinCEN regulations, Bank Secrecy Act/Anti-Money Laundering (BSA/AML) rules, and ongoing KYC and suspicious activity reporting.
    These obligations ensure transparency and accountability in all our activities.
  11. How does Longline Lending ensure compliance with anti-money laundering laws?
    We adhere to the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations enforced by the Financial Crimes Enforcement Network (FinCEN) and SDCL 54‑4. This includes implementing robust KYC procedures, conducting risk assessments, maintaining a customer identification program, and reporting suspicious activities as required.
  12. What is the role of the South Dakota Division of Banking in overseeing Longline Lending?
    The South Dakota Division of Banking regulates our operations as a Money Lender, ensuring compliance with SDCL 54‑4. The Division may conduct examinations, request and review our quarterly reports, verifies our surety bond and licensing status, and approves template loan agreements to protect clients and maintain industry standards.
  13. How does Longline Lending protect its clients financially?
    We maintain a surety bond of sufficient value, as required by SDCL 54-4-45, which serves as a financial safeguard for our clients. Additionally, our conservative underwriting practices and strict adherence to regulatory standards minimize risk, ensuring the security of borrowers and investors alike.
  14. Can I verify Longline Lending’s license independently?
    Absolutely. You may confirm our Money Lender License (# 2471751.MYL) by visiting the South Dakota Division of Banking’s website at dlr.sd.gov or accessing the NMLS Consumer Access portal. We encourage all clients and partners to verify our credentials for peace of mind.
  15. Does Longline Lending comply with securities laws when working with investors?
    Yes, any investor partnerships, such as note purchases or capital advances, are structured to comply with applicable federal and South Dakota securities laws, including exemptions where appropriate. We conduct thorough due diligence and maintain transparency with the South Dakota Division of Banking to ensure regulatory alignment.

Verify our license at dlr.sd.gov or NMLS Consumer Access.