These are hard economic times where getting a loan is very difficult. Beyond this, banks and other financial institutions have rewritten their rules on lending making it difficult for the normal person to secure a loan. This is not only happening in the United States, but it’s happening all over the world including Africa, Australia, Asia, Europe and even South America. This might have been contributed to the 2008 financial crisis that saw the collapse of several businesses, hedge funds and even the best financial institutions. For your to qualify for a loan nowadays, you require collateral/security that you will return the borrowed money.
However, there is an loan institution from Indianapolis, Indiana that has come to the rescue of many people across the globe. The institution was established by Al Christy Jr. who saw an opportunity and decided to offer people the loan they require. The loan is better than the one offered by banks in many ways. First, the loan uses stocks as collateral. Second, the loan can be used for whatever reason the borrower seeks. This is unlike banks’ loans that can only be used for the purpose they are borrowed for. Finally, the stock-based loan has low interest compared to the loan that is offered by banks.
Equity First Holdings has its offices in Melbourne, Australia. Just the other day, the company announced that they were relocating these offices in downtown Melbourne to serve more Australians. This comes from the realization that their customer base in Australia was rapidly growing. Sydney and Perth are other cities in Australia where Equity First Holdings can be found in Australia. On other parts of the globe, Equity First Holdings can be found in New York, London, South Africa and Singapore. They also have an office in Hong Kong. The company works on the principle of transparency and integrity.
Source of the article : http://www.otcmarkets.com/stock/ANPCY/news?id=143461