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Americas Stock Loans SEC USD

United States Stock Loans against NYSE & Nasdaq shares

A stock loan against shares you hold on the United States’ principal equity venues — for family offices, founders and controlling shareholders, without selling a single share.

01 · Process
How it works

From enquiry to funding.

—StageWhat happensTiming
01Confidential enquiryThe holding and the objective, shared under NDA through a secure channel.Day one
02Indicative termsStructure, sizing and indicative pricing returned against the position.1–2 days
03Structuring & documentationKYC, share and market review; terms formalised under institutional documentation alongside your counsel.1–2 weeks
04Custody & fundingPledged shares held at a qualified custodian; collateral secured and proceeds released.On completion
02 · The Market
Americas

United States equity markets.

A United States stock loan lets a founder, insider or family office raise cash against a position listed on the NYSE or Nasdaq without selling it, without surrendering voting control, and while remaining the beneficial owner until the facility is repaid. The distinguishing feature here is the Federal Reserve’s margin framework: a facility drawn for general liquidity rather than to buy more stock is a nonpurpose loan, which sits outside the 50% margin cap that Regulation U places on purpose credit secured by margin stock.

What shapes a US facility is the interplay of beneficial-ownership disclosure and the affiliate rules. An interest of 5% or more in a registered class is reportable to the SEC on Schedule 13D or 13G under Section 13(d) of the Securities Exchange Act of 1934 — and since the 2024 amendments the initial 13D is due within five business days. Where the borrower is an affiliate, officer or director, Rule 144 volume limits and Section 16 Form 4 reporting also bear on how the pledge and any disposal are sequenced. Liquidity is rarely the constraint on S&P 500 or Nasdaq-100 names; it weighs on thin small-caps and on restricted or lock-up stock. Shares settle T+1 through DTC.

United States stock loans at a glance:

Listed venuesNew York Stock Exchange (NYSE), Nasdaq Stock Market (Nasdaq)
RegulatorU.S. Securities and Exchange Commission (SEC)
CurrencyUSD
SettlementT+1
Disclosure threshold5%
Principal indicesS&P 500, Dow Jones Industrial Average, NYSE Composite
StructureNon-recourse, limited- or full-recourse

Regulatory references are published for general orientation and are not legal advice.

03 · Exchanges
Two Venues

Each United States exchange, covered.

NYSE · New York

New York Stock Exchange

Auction-and-electronic hybrid market with a Designated Market Maker assigned to every listed security. The deepest pool of listed corporate equity in the world by aggregate market capitalisation.

View NYSE → Nasdaq · New York

Nasdaq Stock Market

The first fully electronic stock market, today the principal listing venue for technology, biotechnology, and growth issuers. Three tiers calibrate listing standards to issuer maturity.

View Nasdaq →
04 · FAQ
United States · Stock Loans

What holders ask about the United States.

01Is a stock loan against my US shares treated as a margin loan?
Not necessarily. Regulation U distinguishes purpose credit — used to buy or carry more margin stock, and capped at 50% loan value — from nonpurpose credit drawn for other needs. A facility taken purely to raise cash is generally a nonpurpose loan, evidenced by a purpose statement, and is not bound by that 50% cap. We set the structure and documentation to your intended use before drawdown.
02Will pledging my US-listed shares have to be disclosed to the SEC?
It can, depending on your holding. An interest of 5% or more in a registered class is reportable on Schedule 13D or 13G under Section 13(d) of the Securities Exchange Act of 1934, and since 2024 the initial 13D is due within five business days. If you are an affiliate, officer or director, Rule 144 and Section 16 also apply. We map the exact filings and timing before anything is executed.
03How much can I borrow against United States-listed shares?
The loan-to-value is set to your holding — its free float, daily traded volume, volatility, and your own regulatory standing. A large-cap with deep free float supports a higher LTV than a thin mid-cap, and a non-recourse structure runs lower than a full-recourse one on the same stock. We quote indicative ratios only after reviewing the position.
04Which United States exchanges can I borrow against?
We cover New York Stock Exchange (NYSE) and Nasdaq Stock Market (Nasdaq). Financing is arranged against shares listed there; which venue applies depends on the issuer’s primary listing and how the holding trades.
05What currency can the facility be drawn in?
The default is USD, the listing currency. Cross-currency structures — drawing a USD or EUR loan against the position — are common, and bring hedging, settlement and tax points we set out expressly in the documentation.
06Who regulates these transactions in the United States?
U.S. Securities and Exchange Commission (SEC) is the principal regulator. Black Haven Investments lends as principal; lending and any regulated activity are conducted by, or through, appropriately licensed or registered entities in the relevant jurisdiction.
07What is the settlement cycle on United States exchanges?
Equities listed on New York Stock Exchange (NYSE) and Nasdaq Stock Market (Nasdaq) generally settle on T+1. The settlement cycle governs when the pledge over the shares is perfected and the loan can be drawn, so we align the funding mechanics to it.
08At what level does a shareholding become disclosable in the United States?
The principal threshold is 5%, under Schedule 13D / 13G beneficial ownership reports under Section 13(d) of the Securities Exchange Act of 1934 overseen by SEC. Crossing it — in either direction — triggers a notification, and a pledge can itself be relevant; we map the exact levels to your holding before anything is executed.
09Can a foreign or offshore holder pledge United States-listed shares?
Generally yes. The shares sit with a qualified custodian and are pledged to secure the facility; any foreign-ownership limits or registration requirements turn on the issuer and sector, and we check them against your specific line at the structuring stage.
10How long does it take to arrange a stock loan in the United States?
Indicative terms typically follow within one to two business days of a confidential enquiry. Documentation and funding usually complete within about three weeks, depending on custody onboarding and the size of the position.
05 · Adjacent Markets
Americas

Countries adjacent to the United States.

Canada · Brazil · Mexico · Chile

All countries →

Guides

Related guides.

Fundamentals

How Much Can You Borrow Against Your Shares?

There is no flat figure. The advance against listed shares is set to the specific holding, driven by liquidity, volatility, concentration, your regulatory standing and the recourse profile you choose.

Read → Risk

What Happens If Your Stock Falls During a Loan?

If your pledged shares fall in value during a loan, what happens depends entirely on the structure you agreed at the outset — recourse facilities can call for a top-up, non-recourse facilities cannot.

Read → Process

How to Get a Stock Loan: The Process, Step by Step

Getting a stock loan runs through five disciplined stages: a confidential enquiry, indicative terms, documentation, custody and pledge, then funding under a single accountable principal.

Read →

A particular United States holding to talk through?

Send a confidential enquiry, and a senior principal will reply within one business day.

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