Equities First Holdings, LLC is an international alternative lending company. It was established in Indianapolis, Indiana in 2002 by Al Christy Jr. They offer loans that are stock-based loans. A company that needs to raise capital gets the money they need while Equities First Holdings then holds some of their stock as collateral. In addition to Indianapolis, Equities First Holdings has offices in Hong Kong, Singapore, Switzerland, Thailand, the United Kingdom, and Australia.
In Australia, Equities First Holdings recently relocated their Melbourne, Australia offices. Called Equities First Holdings Pty Ltd. in Australia, the new office is located right in the heart of Melbourne. This makes their offices now much easier to access for their clients as well as their business associates. They also have other offices located in Sydney as well as Perth.
The Managing Director of the Australian subsidiary is Mitchell Hopwood. He said the move makes it better able to not only meet with clients it also has plenty of space to expand in the future. Equity First Holding’s new office address is now Level 2, 287 Collins Street, Melbourne, Victoria 3000.
The stock-based loans that Equity First Holdings offers are different in a number of ways from traditional loans. With a traditional loan, the money that is borrowed needs to be used for a specific purpose. A stock-based loan, however, can be used for any purpose. It’s often used in order to expand the business, such as into new markets, or to introduce new products. Other times it is used for strategic investments.
Another feature of a stock-based loan is that they offer better interest rates than a conventional loan. A stock-based loan is also usually non-recourse. This means that the company receiving the loan can walk away from it at any time and Equities First Holdings will simply keep the stocks.