Summary of the presented article
Equity First Holdings was first established in 2002 with the aim of providing loans to members as they expand their operations. For the last 15 years, the Equity First Holdings has been under rapid improvement. Other than loans, the company has been trusted with different organizations to provide financial and investment advice. From the onset of its operations, huge financial institutions have been the biggest beneficiaries of their operations.
To the members, the company has very flexible terms. On offering loans, there are very few expectations. The company does not depend on the clients for the loan repayment. This means that there is no pressure at all from the company on the duration of loan repayment. Currently, loans are easily given to the members with shares in the company. The shares are used as collateral so that when the client defaults payment, the shares would be used to pay back the loan. With its current management style, the company is rapidly rising in popularity.
Who benefits from the company?
The company has a large customer base today. It has given over $1 billion in loans to individual shareholders. Their loans are issued based on the level of trust and amounts of shares that the individuals have. Big financial institutions have benefited too from these operations. Companies that are in need of loans for their expansion and improvement of their operations have received loans on different terms. The smaller companies that are struggling to find a place in the market have equally received some boost from Equity First Holdings.