More people in society will opt for alternative financing. This is because of the tightening of lending criteria by traditional institutions such as banks. The institutions have also increased interest rates. They have reduced the number of options available to borrowers and more information click here.
This has made many borrowers to seek other platforms to get financing. Equities First has been a popular choice. The firm’s stock-based loans and margin loans are gaining popularity with borrowers who are left out or need funding in a short amount of time.
Al Christy is the CEO of EFH. Christy said that stock-based loans were very attractive to individuals because of their innovative nature. They have a higher loan-to-value ratio and have a fixed interest rate. The borrower is assured of the certainty of the loan during its lifetime and learn more about Equities First.
Christy stated that it is not uncommon for the market to fluctuate during the period of the loan. Borrowers lower their risk even in the event of a downturn in the market because they will have resigned their stock during this period. The loans are also non-recourse. The borrower can opt out of the loan at any given time. This is possible even if the value of the stock is lower than its value at the beginning of the loan term. The borrower is not under any obligation to pay the full amount despite the fact that the lender will not recover all their money and its resume.
Equities First is a financing company that offers its services through various subsidiaries. Clients of Equities First include high-net-worth individuals and businesses that own stock. They provide capital against shares that are traded on markets around the world. They have been involved in more than 500 transactions. Equities First has offices in several locations including London, Singapore, Australia, Hong Kong and Equities First’s lacrosse camp.