With the financial market in ever-changing climates, it’s important to know the kinds of options you have available. Equities First Holdings is one company that offers reliable stock-based lending, a trend that’s fast becoming a popular choice. If you’re one of the many people who need working capital but aren’t thrilled with the traditional options available, you might be a good candidate for stock-based loans.
You Were Denied By Traditional Lenders
The financial market has changed quite a bit in the last several years. Part of that change includes the tightening of restrictions for those seeking to apply for personal or business loans. Banks are much less willing to lend money, the qualifications you have to meet to become a borrower are much stricter, and it’s harder to secure the capital you need. If you’ve been denied by traditional credit-based lenders, stock-based loans might be a great option for you.
You’re Looking at High Interest Rates
Another situation might also exist in which you managed to pass the requirements to secure a loan, but you’re being forced to pay astronomical interest rates. If you’re trying to find another option before signing on that dotted line, make sure to look into stock-based loans as an option. With stock-based loans, you’ll typically have a fixed interest rate of around two to three percent, which is much lower than you’ll find elsewhere.
Traditional Loans Are Too Restricting
Finally, you might be a great candidate for stock-based loans if your traditional loan options have too many restrictions on how you can spend your money. If you need working capital, you need to be able to spend it how you see fit. It’s your business or project, so you should be the one making decisions. Stock-based loans allow you to spend the money however you choose.
There are many benefits to choosing stock-based loans. You don’t have to jump through the qualification hoops that traditional loans will put you through, you can spend the capital how you see fit, and since they’re non-recourse loans you can walk away at any time. If you’ve been let down by traditional loan options, contact a company who specializes in stock-based loans and see if they’re right for you.