You own a business. Sometimes things happen. The weather might affect your business. The general economy is going through a sluggish moment. International and global problems affect sales. But you know how to survive these events. You own stocks. You can sell them for much-needed operating capital, or you can borrow against them.
When you go to see your banker, they tell you they will lend against equities, up to a whopping 40$ of the value of the stocks. Only 40%? That’s it. Well, they also need a business proposal to let them know how you are going to use the funds. Then they quote you an outrageous interest rate. Oh, and by the way, they can’t lend against some of those equities. It is against the rules of the stock market or the government or the bank. And, you will have to wait for funding. Sorry, buddy, it will take a while.
But what if you had gone to Equities First AU in the first place? They will lend up to 80% of the value of the equities. They can lend against any stock they choose, since they are a private company and not beholden to the rules of the government or stockholders. Their interest rate is lower, much lower than the one quoted by the financial institutions. The funding takes a few days at most. And, they do not want to see a business proposal. They do not care what you will do with the funding.
It would have made more sense to go to Equities First first.
More visit: http://www.equitiesfirst.com/team