Borrow Money Using Stock | Stock Loans | JG Wealth Fund
Using Your Stock as Loan Collateral
Many individuals and organizations have extensive holdings in stock. These holdings might provide a dependable income stream, which is useful when making long-term financial plans. However, in many cases it is possible that unexpected medical bills or the need to capitalize on a sudden financial opportunity will require immediate access to a large amount of money. In this case, stock loans can become an effective and useful tool for financial planning. Stock loan wholesale lenders can effectively assist a borrower using securities lending instruments to provide fast and effective lending assistance.
The primary benefit of stock loans are that they are not tied to any physical property, like a loan secured by a home, but equally, they are not handicapped by the high interest rates and strict credit standards found when attempting to obtain an unsecured loan. By utilizing the borrower's stock as collateral, JG Wealth's stock lending programs offer the following benefits:
- JG Wealth does not require an employment or income check to verify financial worthiness because the loan is secured by the security.
- Loans can be closed very quickly, often within 7-10 days.
- Loans very often have low interest rates, ranging from 3-5 percent, and the loan can be extended, locking in those favorable terms.
- Stock Finance Loans boast high loan values for major exchange securities, ranging from 55-70 percent, with moderate loan values for minor exchanges.
Finally, perhaps the greatest strength of a non recourse stock loan for the borrower is the ease with which the borrower can walk away from the loan should the share price decline in value. Furthermore, the nature of a non recourse loans means that a borrower who defaults will not face a negative impact on his or her credit rating.
