Goldwyn Capital · Borrow against your shares

You believe in your stock. But you need cash?

You don't have to sell. Borrow against your shares, get the cash now, and keep the upside if the stock goes up.

Hold.
Borrow.
Live.

Keep your shares, borrow against them, and use the cash for the things that can't wait: a home, school fees, a boat or your next investment. If the stock climbs while the loan is open, that gain is still yours.

Who it's for

Most of our borrowers fall into one of these four groups.

01FoundersYou took your company public through an IPO or a reverse merger, and most of your net worth is in its stock. Get cash out without selling your stake.
02Executives and directorsYou're an officer or director of a Nasdaq or NYSE company. You need cash now, but you want to keep your position.
03Microcap and OTC investorsYou hold positions your broker won't lend against. Borrowers use the cash for a home, school fees or their next investment.
04International shareholdersYou hold US-listed shares from Hong Kong or elsewhere and can't get a margin loan on them. Shareholders of foreign companies listed in the US qualify too.

Built for the shares banks won't lend against

Non-recourse stock loans

Borrow up to half the value of your shares

You transfer the shares to the lender's custody account and receive 30 to 50% of their value in cash. You pay simple interest each quarter, repay at the end of the term, and get your shares back.

What you won't need

A credit check
A personal guarantee
Income history or tax returns

A lone sailboat on a calm sea under a pink sky

Warrant financing

Exercise your warrants without putting up the cash

The lender funds the exercise, then lends against the shares you receive. You take up the position without finding the exercise price yourself.

Typical loan terms

Every loan is priced on the stock itself. Most loans fall within these ranges, and you get your exact terms in writing before you commit.

Loan size

$50K to $5MM

Depending on the size of your position.

Cash you receive

30 to 50%

Of your shares' market value. More for heavily traded stocks.

Interest

5 to 7%

A year, simple and fixed. Interest only, paid quarterly.

Term

3 years

Repay early from year two if you want to.

Collateral

Your shares only

No credit check and no personal guarantee.

Upside

Yours to keep

If the stock rises during the loan, you benefit when you repay and get your shares back.

What happens if the stock falls

Time to top up

If the stock drops 25% below the level your loan closed at, you get an equity call: 5 to 10 business days to top up with cash, stock or other securities.

Walk away owing nothing

If you'd rather not top up, the loan closes. You keep the cash, the lender keeps the shares, and you owe nothing further.

Nothing else at risk

No personal guarantee and no credit check. Your home, your savings and your credit are never part of the deal.

What borrowers say

“I needed quick cash, so I put up some shares for a loan. About a week later the funds hit my account. Simple, straightforward, and the terms aren’t toxic.”

Biotech microcap CEO

“Neither my broker nor my bank would lend against my penny stock. I got the loan with no problems. The terms were very fair, and I still keep the upside if the stock goes up.”

Executive, small mining company

“I needed cash but didn’t want to sell my shares or lose the upside. I put up my shares and the deal was done. The cash hit my account about 10 days later and the terms were simple. Would recommend.”

Shareholder

Questions people ask us first

Will my shares qualify?

Most do if the stock trades around 100,000 shares a day or more, and the shares are free trading, eligible for resale under Rule 144, or registered. Stocks trading under about 10,000 shares a day usually don't qualify. The lender can take up to 4.99% of a company's outstanding shares.

What happens to my shares during the loan?

They move to the lender's custody account for the life of the loan. Taking the shares as collateral is what lets the lender skip the credit check and the personal guarantee. When you repay, your shares are returned.

What if the stock goes up?

You keep the upside. When you repay the loan, your shares come back to you, so you benefit from any rise in the meantime. The exact terms are in your term sheet before you sign anything.

Can I repay early?

Yes, from month 24. Repaying before then carries a prepayment penalty.

Is the loan taxable?

It can be. Depending on how the loan is structured and where you live, transferring shares to a lender can be a reportable tax event. Talk to your tax adviser before you sign. We don't give tax advice.

I'm an officer or director. What do I need to know?

Your shares need to be registered for resale. If you file Form 4s for your company, expect to report the loan too. And check your company's insider trading policy, since some restrict pledging shares. Your company's counsel can confirm all three.

Who is the lender?

An independent US family office that has made non-recourse stock loans since 2006 and funded more than $100MM. We introduce you, prepare your file and stay with you through closing. The lender makes the credit decision and funds the loan.

What does it cost?

Interest of 5 to 7% a year, simple, fixed for the term and paid quarterly. Any fees are listed on your term sheet before you sign.

Find out what your shares are worth as a loan

From the blog

Guides for shareholders

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Get your terms

Get an indicative term sheet within one business day

Tell us the ticker and how many shares you hold. We'll come back with the loan amount, rate and term, or let you know if the stock doesn't qualify. No credit check and no obligation.

Borrow against your shares instead of selling them

Shares accepted on 52+ exchanges worldwide.