Let’s say you’re in a situation where you have a contractor in your living room, he’s proposing a $10,000 job for home-improvement.
It’s something you need to do, but you don’t know how you are going to pay for it. Then he offers a way to finance it in an affordable way. The way he does it is by scanning your driver’s license barcode on the back. Not even a minute later, there’s a loan waiting for you, it’s not just pre-approved but genuinely approved. This means no payments and no interest for the initial year. In the end, you sign his contract.
This is the strategy that the business GreenSky Credit incorporates, investor Sahm Adrangi notes. This $3.6 billion firm allows dealers to finish trades by coupling buyers with creditors at the times of transaction. This business from Atlanta just came out of the blue and is now ranked third in the U.S. by appraisal. That’s out of allfinancial technology firms which are privately owned and funded by venture financiers. Sahm Adrangi highlighted that the placement is in accordance to CB Insights, an index which also placed SoFi and Stripe in front of GreenSky LLC on its rank of “fintech unicorns.”
The person who owns the lion’s share of GreenSky Credit, David Zalik, has been on the media’s radar. He relocated to Alabama from Israel with his family at four years old. He ended up skipping high school and then started at Auburn University at 14 years of age. Soon after, he dropped out to concentrate on a computer-assemblage business which he created himself. Evading the public eye is starting to be more difficult for Zalik. In September,Fifth Third Bancorp declared a union with GreenSky Credit and also purchased a $50 million share which denotes an overall price of $3.6 billion for Zalik’s business which is a big win for investors like Sahm Adrangi.
What’s the method that they use? GreenSky Credit doesn’t simply generate loans. Rather, it enlists dealers who market high-ticket merchandise like home improvement projects such as window installations, different types of siding, or kitchen remodeling. Sahm Adrangi said that it then finds the right set of banks who are willing and able to give loans to approved buyers with the merchant. GreenSky doesn’t do business with overextended recipients. Zalik mentioned the majority of its clients withdraw loans for ease of use instead of necessity.
The Equities First Holdings (EFH) is an international lender firm. The firm also leads in the provision of solutions regarding the best financing solutions to their shareholders. The Melbourne Equities First Holdings recently relocated their office in Australia to the capital of Melbourne. Their main interest is to ease the accessibility. According to the MD of the Melbourne firm, Mitchell Hopwood, the relocation of the office allows for the ample space required for the staff as well as the clients.
The Equity First Holdings is located in three various places, that is, Melbourne, Perth, and Australia, Sydney. Other than the three main places, Equity First Holdings have its offices in Thailand, India, Singapore, Hong Kong and the USA. The company mainly provides the stock-based loans. Up to date, EFH has been able to make over 700 deals, which amounts to more than 1.4 billion dollars. The loans that the company offers are always at a lower stable interest rate.
Being that Equity First Holdings grants a large number of borrowing services, various persons can benefit from Equity’s services. The high-net-worth persons as well as the borrowers, to a larger extent, are the great beneficial of EFH. The stock loan can be applied for by the individual and business borrowers. In the case where the lender needs to acquire a quick capital or the client is not qualified for the credit-based loans, the EFH provides the equities lending as an alternative.Working as a member of the staff in the firm also provides one with the opportunity to associate with various entities of the management, bettering their financial knowledge. Generally, EFH benefits the persons that need the finances, either for business purpose, personal reasons or paying debts. For any person who is desiring their capital’s flexibility, choosing EFH is always the best option.
Equities First Holdings has proved itself to become one of the most competent companies dealing in the stock-based loans. As a matter of fact, no one knows the ways of the company while we may think they are working. The company is now working to sustain the whole world in the issuance of stock-based loans targeting the rich individuals and companies. For startups, capital is one of the most crucial things to enable the world develops high-end capabilities. As a matter of fact, we might consider its use in the development of easy functionality. For this reason, people end up working at the premises of Equities First Holdings.
The use of stock-based loans is increasing in this fast world. While the economy is not stable, banks and other credit-based companies are tightening their lending capabilities. For the banks, they also increase the interest rates to amounts that scare away most of the applicants. As a matter of fact, no one has a better understanding of the ways that a person does his things. For the company, they always endeavor to sustain the economy and those in need of fast working capital in a harsh economic crisis.
For you to secure fast working capital from the company, all you need to do is to get better results through the working of these loans. For this reason, you might take care of your needs.Since the company was intercepted in 2002, it has completed more than 2000 transactions. This translates to the fact that Equities First Holdings has issued more than $2 billion as loans to their clients. For his reason, they have worked to determine the work ability of better results through the issuance of fast working capital. While this is a major achievement for Equities First Holdings, they also consider this as daily business conducted on a working day.
In today’s dynamic financial marketplace, people in need of capital have access to numerous financing options. Even those with poor credit history or in need of urgent funds can utilize their shares as collateral to acquire loans at competitive rates. Equities First Holdings is a powerhouse when it comes to loans that are collateralize by stocks. Loans collateralize by stock include share-based lending and margin lending. The similarity of these two lending options is that they allow individuals and firms to utilize stock as collateral.
The loan-to-value ratios of stock-based lending are approximately 75 percent while for margin loans the ratios are from 20 percent to 50 percent. Borrowers of margin loans may be instructed to use the money obtained for a particular purpose. On the other hand, stock-based loans are non-purpose, implying that the proceeds can be utilized for any reason. The interest rates for traditional margin loans tend to vary while those of stock-based ones are fixed.
Advantages of stock-based loans:
A hedge against market fluctuation
Taking share-based loans offer a chance for investors to navigate through tough market fluctuations. This loan allows the borrower to minimize his or her risk in declining market.
The non-recourse aspect associated with stock-based loans enables a borrower to abandon a share loan any time she or he wishes. Even when the share’s value declines, the borrower will comfortably retain the initial loan proceeds.
Equities First Holdings
Equities First Holdings (EFH) delivers innovative solutions to executive and affluent individuals in need of non-purpose capital. The firm concentrated on developing a product that supplies ample liquidity at flexible terms via a safe and transparent process. Its novel approach to stock-based loans has resulted in over 635 successful transactions to date. The company’s unique method of financing offers many of its customers with a lower cost of capital and ideal financing terms compared to the conventional financial alternatives.
EFH operate internationally via regional offices in Hong Kong, South Africa, London, Bangkok, Sydney, Singapore, and Perth. It provides financial arrangements customized to suit the needs of borrowers. EFH specializes in capital allocation, alternative finance solutions, as well as financial services. The Indianapolis-headquartered lending heavyweight opened its doors back in 2002. In 2013, the company released a statement to its clients, announcing a double-digit growth and global expansion. EFH has been experiencing a 30 percent annual rate of growth since its establishment over 15 years ago.
Specializing in unusual loans that are regularly either overlooked or not served by conventional loan vendors, Equities First Holdings sees a mighty growth. Equities First Holdings loan out money for professional and personal purposes to individuals and entities which are backed by publicly traded stocks, shares and equities.
With an active presence in nine countries, this financial company headquartered in Indianapolis, Indiana in the United States. Its wholly owned subsidiaries are located in Hong Kong, London, Singapore and Australia under the names Equities First Holdings Hong Kong Limited, Equities First (London) Limited, Equities First Holdings Singapore Limited and Equities First Holdings (Australia) Pty Ltd respectively. They are set to make their mark across the globe and are expecting a vast growth in Europe and South Pacific Asia.
The demand for unconventional loans is always high combined with cumbersome and enviable loaning criteria set by banks and conventional financing institutions; Equities First took advantage of this by offering loans on easy terms and feasible interest rates. The loan to value ratio varies between fifty to seventy percent whereas this value for conventional banks ranges between ten to twenty percent.
The company loans out money for working capital needs and for personal purposes like marriage, education, travel, touring for personal pleasure and for business purposes. Equities First Holdings dealing has registered a growth rate of over thirty percent since its inception year back in 2002. The Chief Executive Officer of the company said that over seventy percent of the loans have originated from international clients and thereby marking their entry into countries that were previously left unexplored.
Equities First Holdings has invested in investment management software’s and client servicing mechanisms and it is currently almost doubling its sitting capacity at their headquarters. The company has serviced loans not only for Corporations and business but also for ultra-high net worth individuals. With volatility in loan interest rates, the company has registered a constant growth when the market seems to be down for conventional loan vendors. With a guaranteed solution, Equities First Holdings is set to make its mark in the world in both short and long term scenarios.