With a lot of pressure on big banks to carefully vet and do their due diligence on clients who they loan to, many businesses and wealthy entrepreneurs are looking to alternative sources for loans. One such firm that provides alternative lending and equity capital is Equities First Holdings, an international financing and loan firm that has been in operation since 2002. Founded by Al Christy Jr., a former investment banker and loan officer at Fidelity Investments and Jeff Smith, a former advisor at Goldman Sachs and Lehman Brothers, Equities First has built a great reputation in helping clients receive working capital for their businesses.
So how do the loans offered by Equities First work? Typically clients who have publicly traded stock can borrow against it with Equities First guidance, and it is sometimes referred to as a non-recourse loan. Most of the loans they finance are given at a low fixed interest rate, and Equities First has done a fantastic job with their loan programs in finding borrowers who’ve been able to turn their loans into profitable income. Most of the clients they work with are corporations and individuals who have high compensation and meet the company’s risk requirements. Most of the loans given by Equities First have been paid back and learn more about Equities First Holdings.
Even as recent as this year, Equities First announced the return and then some of shares that were loaned out to Paysafe, an online transactions company that works similarly to PayPal. Paysafe was able to use the millions in shares it had received to expand its operations, and as part of their agreement were able to pay off the loan plus interest to Equities First. Also paying off a securities loan was Angle PLC back in October of 2016, ending what was a 2-year agreement to finance the company and it Website.