101 - Frequent Questions
You Have Questions.
Share based lending has been around for decades at the institutional level, however for an individual it is a relatively new concept in alternative financing. Use our FAQ to get answers, or contact us anytime to learn more.
Why should I do business with Saris Capital?
In a word.. reliability.. We simply perform at a higher frequency than other firms who operate in similar spaces. We do not wish to be the largest, or even the loudest firm, we simply only wish to be the best. We maintain the highest standards of conduct, operate using only best of breed practices, and do exactly what we say.
Can you work with restricted securities?
In most cases we will not look at any transactions involving restricted securities. The rare exception would be for shares of exceptionally high quality trading on a major exchange such as the NYSE. In that case we have partners that would team of with Saris to consider making a loan available to the prospective client.
What type of securities can I borrow against?
Saris Capital offers financing against a wide variety of stock trading around the globe. Typically to be considered as collateral for a loan, the shares and borrower must meet a few simple requirements, and the shares must trade in a market that Saris Capital can work with. To see a list of approved markets and exchanges click here.
How much can I borrow?
Loan sizes typically run between $1,000,000 and $10,000,000. We require a minimum loan amount of $1,000,000 on any loan transaction.
What is the process to get a loan?
Our loan process is simple:
- The client submits to Saris Capital a simple “Know Your Client” worksheet, along with a copy of a current account statement.
- Saris reviews the documentation and security to be pledged and creates a non-binding offer and term sheet.
- The client executes the term sheet, and loan docs are delivered within 24 hours.
- Once the loan docs are executed, the shares are delivered to Saris, and the loan is funded either immediately via DVP, or within 36 hours using VWAP.
What kind of terms are offered?
This is where Saris really outshines a traditional bank. As a private lender we can create any number of custom tailored solutions to meet the needs of our clients. Need a 36 month loan with quarterly interest only payments? No problem we have you covered. Maybe an 18 month loan with no interest payments with an all inclusive balloon at loan termination is a better fit, we have you covered there as well. Talk to us about your needs, let us custom tailor a solution for you.