Banks and other traditional financial creditors have refused to part ways with their money. Securing a loan at the rates you feel comfortable with has become a totally non-existent outcome. The lenders are always going to find a bogus excuse not to advance you the capital you desperately require to take your business to the next level. By the look of things, it seems there’s no light at the end of his tunnel for business people and other entrepreneurs who have poor credit scores. Or is there?
How Equities First Works
Equities First Holdings LLC is a unique lending institution whereby you, as the borrower, have a relatively easy time going about applying and receiving funds. There’s only one prerequisite: You have to be the owner of stocks and shares. Proof of ownership, in terms of a stock certificate, is going to serve as the collateral for the loan you want. The flexible loans on offer at Equities First exceed amounts of 1 million dollars, depending on the value of the stocks you own. Once you repay the funds allocated, then you get back your share and stock certificate and more information click here.
The CEO of Equities First Holdings, Mr. Al Christy, calls it the most innovative lending alternative for folks interested in quick and hassle free working capital. Another outstanding merit of using the alternative financing options with shares as the security is that these loans have a recourse feature. This means in case you default somewhere in between the shares depreciate, you still pay the originally quoted interest on your loan.
About Equities First Holdings
The company’s CEO and Founder is Al Christy. This venture opened its doors to the public in 2002. They’ve been an instant success story managing to transact well over $1.4 B to date, according to Marketwired.com. The firm has subsidiaries all over the globe; from Australia to the UK and to South Africa.