Posted on by tecvillaLast modified: November 24, 2018
GreenSky is a fintech that offers point-of-sale loan services to consumers. It has partnered with regional banks to provide loan services to as many people as possible. They have simplified the loan application process, by handling the paperwork needed from the consumer and the bank. They offer quick solutions to the needs of consumers who are in need of crucial services but have no cash to pay. If you are a homeowner and you need some home maintenance work to be done but you lack the money to pay, worry no more because GreenSky will facilitate instant financing of the project through the merchant.
The merchant will apply for a loan with the amount he will charge for the service. They will send relevant loan processing information to the fintech, which will on its part link the borrower with a lender willing to offer the loan. Once a lender is found, the loan is processed instantly. GreenSky has mainly been working with four regional banks namely Sun Trust, Synovus, Fifth Third, and Regions Financial
Regional banks are interested in consumer lending since it attracts high yields, but two obstacles hinder progress in this field. The cost involved in getting customers is too high and the servicing the loan can also be a nightmare. Through GreenSky, regional banks are getting better full benefits of consumer lending. The fintech brings the customers to them and it even facilities servicing of the loan. The role of the bank in the whole process is to offer the money to lend.
GreenSky does not offer intereston the loans as is the case with traditional banking. Customers who will pay back the loan in the agreed timeframe will get the benefit of not repaying even a single cent on top of the principal amount. It is GreenSky who take up the role of repaying the loan during the zero percent APR period. There are huge hopes on this company that it will perform very well in long-term. In the period that they have been in the industry, there has been consistent growth trend. In 2017, they recorded a 30 percent increase from the previous year.
A pioneer in Stock-based lending, Equities First Holdings has continued to enhance its lending capabilities. Recently, Equities First Holdings (Australia) Pty Ltd. relocated its Melbourne offices to a bigger space in the city. Equities First Holdings’s Australian market has grown significantly. The new office has large space. This way, the company will be able to accommodate the increased number of clients and business associates. The office will also be easily accessible by customers and staff owing to its strategic location. The corporation will maintain its offices in Perth and Sydney.
A review of what Equities First Holdings specializes in
Equities First Holdings offers alternative lending services to its clients. The institution gives them loans against publicly traded shares. The company, which was established in 2002, operates in nine countries through wholly owned subsidiaries. These affiliate companies include Equities First (London) Ltd, Equities First Holdings Singapore Ltd, Equities First Holdings Hong Kong Ltd, and Equities First Holdings (Australia) Pty Ltd. To date, the corporation has completed over 700 transactions. These deals are worth $1.4 billion. The corporation has an efficient loan process that includes simple steps. It involves the valuation process and signing of term agreement. After the company has reviewed the information, they initiate the funding process, which takes seven working days.
Clients get a straightforward and personalized transaction that enables them to access loans efficiently and quickly. Equities First Holdings’ loan process is transparent and secure. While undertaking their operations, the employees uphold industry standards. Unlike conventional loans, stock-based loans are less restricted and have impressive LTV ratios. The company’s stock-based loans provide clients the flexibility of investing since they are non-recourse. Equities First Holdings offer low fixed rates of three percent on their loans and high loan-to-values ratios of 75 percent. The lender’s recovery depends on the collateral pledge. At the end of the loan term, the borrower retains 100 percent of the market value upon repayment of the principal funding. They also offers 24-hour customer service.
Posted on by tecvillaLast modified: April 22, 2017
Equities First Holdings is an alternative loan provider using stocks as collateral. These loans trade under the name stock-based loans. Low-interest rates characterize them. The company has also worked as an advisor and global leader in the alternative sources of finance. For the company, nothing delights them more than acquiring better business through the issuance of fast working capital to their clients. During the harsh economic season, the company has noted that many people are moving towards the adoption of stock-based loans.
Because banks and other credit-based companies tighten the lending capabilities during the harsh economic times, they end up seeking other sources of fast working capital. For those who need money in a manner that is unprecedented in the world, you must find the services of Equities First Holdings as the most innovative company.Al Christy, Equities First Holdings CEO and Founder, sees that the stock-based loans are a better alternative to raise fast working capital. You will also get minimal restrictions with these loans. As a matter of fact, stock-based loans do not require you to state the intended use of the money to get a qualification.
While other people deem stock-based loans to be similar to the margin loans, there are many differences between the two. For the margin loans, one is required to state the intended use of the money to qualify for the loans. For this reason, you end up working for better business capabilities in a manner that is not paralleled in the industry. Stock-based loans are also characterized by the non-recourse feature that lets you disengage your credit debt with the lender.According to Al Christy, margin loans are of lower benefit compared to stock-based loans. For this reason, they have a higher capability to provide a better loan-to-value ratio. For you to have enough confidence throughout the year, you get a fixed interest rate.
Posted on by tecvillaLast modified: January 25, 2017
Equities First Holdings is a reputable loan provider in the world of finance. As a matter of fact, it is the only loan provider with the best interest rates even when it comes to a financial crisis. For his reason, Equities First Holdings has gained traction on a massive scale as one of the most innovative ways of securing fast working capital. According to Al Christy, many people are staying in the dark without the ability to distinguish between the margin and stock-based loans. For his reason, they end up making wrong decisions about the alternative ways of getting the fast capital to take care of their needs during an economic crisis.
There are many differences between the two types of loans. While all of them use stocks as collateral, we must determine the sharp differences so that you understand and become knowledgeable about these things. For the margin loans, a borrower is asked to state the intention or intended use of the money before they qualify for the credit so that they may get the best things out of the loan. As a matter of fact, these loans also have a stronger qualification criterion which resembles the use of banks to secure loans. Moreover, they are also characterized by low-interest rates.
On the other hand, the use of stocks as collateral is another better way of securing fast working capital. The stock-based loans have gained adoption on a massive scale because they have a reputation of low-interest rates working to meet the greater benefit of the people. Stock-based loans do not require you to state the intended use of the loan in a way to qualify for the loan. For this reason, you will always get the best out of the loan. As a matter of fact, these loans come with a non-recourse feature to stop yaing back without a penalty.