Category Archives: Banking

Equities First Is A Stable Lender

Small and medium sized business owners sometimes need emergency loans. Things happen. Weather, a bad storm, a down market, even a downed electrical line can at times hurt a small business. Some small business owners have equities — stocks in other companies.If things are not going right and you need an emergency loan, you might think of taking out a loan and using the stock as collateral.

Banks will lend against stock, and so will conventional lenders.However, their lending practices need clarification before you go and talk to them. If it is an emergency, remember that you will need the funds pronto.A conventional lender will probably lend up to 40% of the present value of the equities. That is not very much. They will do so at a very high interest rate. Then they will want a business proposal and they want to know the purpose of the loan. Banks will be the same way about a loan. They are prohibited by governments to lend against certain.You can also visit:http://www.equitiesfirst.com/ to learn more.

That is where Equities First AU comes into the picture. They are not a conventional lender, nor are they a bank. They are a private company, so they are not beholden to any overbearing government regulations. They will lend up to 80% of the value of the equities. That is a much higher loan to value ratio. Their interest rate is lower than conventional lenders and banks. Plus, this is what they do all the time. They will not ask for a business proposal, and they will not ask you the purpose of the loan. Their funding is nearly immediate. They are experts at what they do, so the best thing to do is to see them first. That just might be why they are called Equities First AU.

 

Dallas-Based Bank Teams up with Dallas Area Habitat for Humanity for Mortgage Loan Program

At the beginning of September 2016, Nexbank, which is a Dallas-based local bank, has announced its release of its Affordable Housing Loan Program. In partnership of the Dallas Area Habitat for Humanity, the new Housing Loan’s goal is to make 100 or more loans over the next five years to low-income families moving into homes within several zip codes in the southern Dallas area.

NexBank Partners with Dallas Neighborhood Homes To Expand Affordable Home Ownership in Southern Dallas

However, the program does not aim to simply provide the families with mortgage loans. They will also be providing financial counseling. The counseling will be offered through the Habitat for Humanity services. Nexbank will also be covering title fees through the area’s Habitat for Humanity and be paying up to $2,000 in closing costs for each loan.

Nexbank has been in business since 1922 and is now worth over $3.5 billion. Aside from their mortgage banking, they also provide commercial and investment banking. What makes them unique is that unlike almost any other bank, they provide both sophisticated and custom-tailored solutions to meet all of their customers’ needs.

As of February 2016, Nexbank’s assets total values at approximately $3,500 while their total deposits rounded up to just over $2,500. Over 50 percent of their aggregated loan profiles have gone to single families as opposed to commercial real estate (13 percent) and commercial and industrial (34 percent). Their success is ensured to continue as time goes on.