A company that just started by giving a stock loan to a farmer, several years later has brought a meaningful impact to many investors by offering higher level of services lending. Al Christy takes proud of staring a company where he has been able to help numerous investors; both individuals and companies access affordable stock-based loan with agreed attractive terms. Al Christy has been in the entrepreneurial practices for some time and in mid 1990s, he came across a mortgage banking institution that specialized in residential, commercial and small business loans.
However, in 2002, members of a family-owned apple orchard get to him to discuss on business loan. Their orchard at the time was the tenth biggest apple producer within America but was facing bankruptcy as it needed $3.5 million for payments of 24 apple growers. The orchard family owners had exhausted all kinds of commercial lending alternatives and made their decision to get in touch with Al Christy on extra mortgage on the property with the objective of meet their financial team if necessities.According to the economic atmosphere during the time, he was not able to provide an extra mortgage facility but after reviewing their stock portfolio, Al Christy established an innovative solution that used part of the family’s stock holdings as security for the loan. That sustained the orchard in honoring its debts and also remaining in operation.
It is at that point that Al Christy (the Founder at Equities Founder) noticed serious gaps that prevented potential investors from acquiring capital. There was the market need that enabled businesses and individuals to effectively leverage the equity within their portfolio and access liquidity whether for business expansion or other uses.Approximately 15 years later, the company runs at least an office in every continent and has completed various transactions worth over $1.4 billion. Although every story is not as dramatic as that of the apple orchard, Equities First has impacted the lives of various investors and continually strives to offer alternative lending solutions.