The President& Founder of Equities First Al Christy Jr. has been observing closely on the performance of the different stocks he owns. He is a stock lender and not a loan shark being a world leader with a great vision. One of the uncommon factors that Equities First eyes and identifies is the small business owners and potential investors seeking for working capital using alternative lending services. The company loans its clients to even 80 percent of their stock value.
Equities First stock loans come with an appealing interest of 4% and paid within 3 years. The trading model and platform established by CEO since the launch of the company in 2002 has engaged him to complete more than 400 trades and direct around $40 million in assets. Furthermore, it has given him the best approach to operate from the corner office, 30th floor of Market Tower.
“I should have been in the financial region area,” mentioned the 47-year-old Christy. There are several big business firms that provide stock based loans but the advances usually come with huge interest rates ranging from 6.5 to 9%. Over that, Securities and Exchange Commission in addition to the Federal Reserve rules compel them not to issue loans of more than 50% of stock value to customers. But that is not the case with Equities First.
Then again, Christy insinuates EFH as an autonomous association that is not obligated to comparable limitations. The Equities First clients are normally repeat customers which form 50% of the clients. EFH clients are both retail and institutional investors who seeking optional lending services for commercial reasons which range from paying private loans to diversification of the firm’s property. Nonetheless, Christy recognized that not all are rich, and loans for the most part range from $100,000 to $8 million. The loans are generally secured via stocks exchanged as pink sheets, over the counter or on Dow Jones and original source.
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