Equities First Holdings is a step above the rest when it comes to getting its customers approved for a loan. The loans that are approved by Equities First are stock-based loans. What is a stock-based loan? A stock-based loan is a loan where the borrower will put up stock certificates as collateral in order to be approved for the loan. These are growing in popularity with many borrowers who have less than perfect credit.
Simply put the borrower who might be out of options with traditional banks uses any stock certificates as collateral and Equities First Holdings will approve that borrower for a loan with them. The borrower will have two options when it comes to paying the debt. The borrower can surrender the stocks used as collateral and Equities First will consider loan paid. This is true even if the stock had lost value. The other option is to pay the loan in full and receive the stock back.
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