There are a number of banks and financial institutions that will claim that they lend on stocks using equities as collateral for loans. If you own a business, you might keep that in mind if you every need emergency funds, and your business has a temporary problem with cash flow. It happens some times. It depends on the market or the weather or any other number of factors. Equities First Resume Here.
If you go to a bank to obtain loan on equities, they will look at a proposal that you must prepare for them to see how the funds will be spent. Then, they will tell you a number of equities upon which they can not lend. It is prohibited by the government for certain institutions to lend money of some equities. Then, they let you know that they will lend on up to 40% of the value of the stocks. And the final insult is the interest rate, which is much higher than you had expected. Visit http://www.equitiesfirst.com
Then you decide to look into Equities First South Africa. You discover that they can lend up to an 80% loan to value ratio against your equities. You do not have to write up a business proposal detailing the purpose of the loan. You do not have to tell them what will be done with the funds. They are a private company, and do not have to adhere to the rules and government regulations placed on banks and institutional lenders. Their interest rate is much lower than the institutional lenders and banks. And, most important, the funding is readily available. Contact Equities First.
You wonder why you ever wasted your time at the bank. You should have gone to Equities First, first!
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