Dick DeVos is one of the respected businessmen in the United States. He is a politician and a philanthropist too who has achieved a lot in his career. DeVos was born in the year 1955 in Michigan. Although his family was very wealthy, the established businessman went for his education at a public school known as Forest Hills.
After graduating from school, the entrepreneur decided to join in the business. When he was graduating, Amway, the family business, was operating under the leadership of his father. With the help of his brother, Dick DeVos played a crucial role in enhancing the social activities in the institution. They would be in charge of showing products to the customers, clearing plates from the tables after events and also escort the guests.
The wealthy entrepreneur went for his university education at the Northwood University. He studied business administration, and this is one of the reasons he has done well in business. He wanted to continue his with education at the Harvard Business School and Wharton School. However, he never graduated from these institutions. He was later on honored with doctorates from three institutions: Central Michigan, Grove City College, and Northwood University.
After his university education, Dick DeVos was appointed to work in several positions in Amway. Dick held the position of vice president and later on the president of the institution, and he managed to improve the sales and profits of the company in the international and local markets. The company managed to expand significantly under his leadership too. He retired from the company in the year 2002 so that he could venture into politics. The same year, the Forbes Magazine listed him as one of the wealthiest individuals in the United States.
Apart from being successful in their business, the DeVos have been active in philanthropic activities. The family is believed to have given donations amounting to two hundred million dollars in the last four decades for several charity causes in the community.
The influential businessman has also played a crucial role in American politics. His wife, Betsy is also a distinguished Republican, who has served in the party as chairperson for several years. In the year 2006, Dick DeVos ran for the gubernatorial seat in Michigan. However, he lost the seat to Jennifer Granholm.
What do you do if your credit history is an eyesore but you still need that mortgage loan? It’s a tough call to make for many of us, and though there are ways out of it, there is often a bigger price to pay. However, lone seekers are finding new salvation in security based loans offered by Equities First Holding.
What is a Securities-Based Loan?
This is an actual loan whose collateral is based on how much you are worth in stocks. Also known as stock-based loans, it’s a quick way to get lenders to overlook your credit history and focus on your current stock asset portfolio. But here is the catch, you actually need to own stocks that are actually doing well.
Who is Equities First Holding?
Equities First Holding is a London-based lender of securities based loans. They are known to be the pioneer of this concept which is quickly overtaking secured loans and opening new doors to quick cash flow for individuals and companies. So you can say they are a team of professional loan brokers who identified a huge number of individuals who couldn’t access conventional loans and decided to turn this need into a business.Currently, they have over 9 office branches globally and have handled over 650 plus security based loans for their clients. Their 14 year existence in the business is enough proof that stock-based loans actually work and are an option to consider.
Who is Eligible for Stock-based Loans?
Stock-based loans are available for established corporate businesses or wealthy individuals. It may not be an option for the joe who is just starting out as an investor. Why? Because there are some risks associated with using this new form of loan-seeking.First off, the loan can be called in anytime especially when the lender no longer has confidence in your stock portfolio. Secondly, liquidity mismatching is a common problem, especially when the market is hit with fluctuations that affect the price of your stock. And lastly, stock-based loans have the potential to bubble, thus may be undesirable with a not-so-impressive portfolio.
Equities First Holding is a number one provider of securities-based loans.
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However, you might hear something about how these two teams match up and even though one team is heavily favored based on their record, they might have a big advantage at a certain position. In college football, there are certain teams that have the number of the other team. It is important to know these things and Covers.com knows these things. They use facts, which are important when placing a sports bet. Covers.com has the facts and the experts. That is an unbeatable competition for bettors out there and it really aids them when it comes to all of the little things about the game.
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