A. B. Nicholas Announces Key Partnership with Clearwater, FL-based Murphy Business and Financial Corporation
Murphy to Make Wholesale-priced LeverageLine Securities-based Credit Lines Available to Murphy Brokers
Washington, DC, August 26, 2012 --(PR.com)-- Those seeking to buy a business today have faced more hurdles than at any time in recent memory, with credit remaining tight. An individual seeking to buy a business or franchise today must typically put up all of their assets, provide stellar credit, and accept costly, high interest rates – assuming they are approved at all.
Now Washington D. C.-based securities finance firm A. B. Nicholas has teamed with one of the leaders in business brokering, Murphy Business and Financial Corporation, to provide Murphy clients with a fast-closing, low-rate credit line for prospective business buyers - LeverageLine™ - for owners of stocks, bonds, mutual funds, and other securities.
This new program features SIPC-insured, fully licensed loan management via a major U. S. banking and brokerage institution with wholesale rates, terms and features custom tailored to Murphy clients. Since this is low-doc financing with no credit pulled or reported, most LeverageLines are available for drawing within two weeks. Murphy clients pay nothing until they actually draw from their lines, allowing LeverageLine to serve as low-rate financial “insurance policy” even for those applying for other financing so that they can access cash immediately, when needed.
ABN Director of Business Development Don Johnson remarked that LeverageLine will be a game-changer for many prospective business buyers. “When a client has a choice between selling their securities outright for cash, enduring a long loan application process and putting home or other assets at risk, or obtaining a quick, easy credit line against their stocks within a major, fully regulated U.S. institution with super low rates and no liability beyond the securities – it’s a no-brainer,” he said.
Title to the client’s securities never changes with a LeverageLine and shares always remain in the client’s own, solely-owned account, accessible online, on the phone or in person. Required payments are interest-only, dividends are paid/received as always, and clients can also trade in their accounts with some value maintenance restrictions. ABN now also offers fixed rate term LeverageLines as well with many of the same features.
Florida-based Murphy Business and Financial Corporation specializes in business and franchise buying and selling, and is one of the largest business brokerages in North American with offices in the U.S. and Canada.
A. B. Nicholas of Washington, D. C. is the nation’s leading provider of securities-based credit line services for owners of stocks and other securities.
To learn more about Murphy Business and Financial Corporation, please visit their website at www.murphybusiness.com.
For more information on A. B. Nicholas securities finance and the LeverageLine program, please call Don Johnson, Director of Business Development, at 202.379.4744, X2 or write info@abnicholas.com.
Now Washington D. C.-based securities finance firm A. B. Nicholas has teamed with one of the leaders in business brokering, Murphy Business and Financial Corporation, to provide Murphy clients with a fast-closing, low-rate credit line for prospective business buyers - LeverageLine™ - for owners of stocks, bonds, mutual funds, and other securities.
This new program features SIPC-insured, fully licensed loan management via a major U. S. banking and brokerage institution with wholesale rates, terms and features custom tailored to Murphy clients. Since this is low-doc financing with no credit pulled or reported, most LeverageLines are available for drawing within two weeks. Murphy clients pay nothing until they actually draw from their lines, allowing LeverageLine to serve as low-rate financial “insurance policy” even for those applying for other financing so that they can access cash immediately, when needed.
ABN Director of Business Development Don Johnson remarked that LeverageLine will be a game-changer for many prospective business buyers. “When a client has a choice between selling their securities outright for cash, enduring a long loan application process and putting home or other assets at risk, or obtaining a quick, easy credit line against their stocks within a major, fully regulated U.S. institution with super low rates and no liability beyond the securities – it’s a no-brainer,” he said.
Title to the client’s securities never changes with a LeverageLine and shares always remain in the client’s own, solely-owned account, accessible online, on the phone or in person. Required payments are interest-only, dividends are paid/received as always, and clients can also trade in their accounts with some value maintenance restrictions. ABN now also offers fixed rate term LeverageLines as well with many of the same features.
Florida-based Murphy Business and Financial Corporation specializes in business and franchise buying and selling, and is one of the largest business brokerages in North American with offices in the U.S. and Canada.
A. B. Nicholas of Washington, D. C. is the nation’s leading provider of securities-based credit line services for owners of stocks and other securities.
To learn more about Murphy Business and Financial Corporation, please visit their website at www.murphybusiness.com.
For more information on A. B. Nicholas securities finance and the LeverageLine program, please call Don Johnson, Director of Business Development, at 202.379.4744, X2 or write info@abnicholas.com.
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AB Nicholas.com
Don Johnson
201-379-4744
www.abnicholas.com
Don Johnson
201-379-4744
www.abnicholas.com
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