Using a Birkin Bag as Collateral for a Short-Term Loan
The Birkin bag has become one of the most iconic and sought-after luxury handbags in the world since its introduction in the 1980s. A signature product of Paris-based Hermès, it is named after British actress Jane Birkin. The Birkin was born on a flight from Paris to London when the actress and young mother just […]
Borro Reenters the Fine Art Collateral Lending Market
‘Borro’s short term loans or lines of credit use fine art as collateral and feature a minimum loan of just $25,000, making liquidity available to many more owners and collectors of fine art” September 15, 2020 09:00 AM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–Borro™, the leading provider of confidential, non-bank loans using borrowers’ luxury assets […]
Borro is featured in Barron’s Penta
Borro was featured in Barron’s Penta on July 13. The story is based on an in-depth interview with Dewey Burke, Founder and CEO of Luxury Asset Capital, the parent company of Borro, and highlights the process and benefits of alternative lending. The article is very timely as it dives into what makes this lending different […]
A Collateralized Loan is an Effective Short-term Financing Strategy to Help Americans Meet Financial Deadlines During Tax Season
Tax time is upon us again and many Americans are finding it to be an even more difficult time due to the pandemic and its effects on business and personal finances. Even with the extension from the IRS allowing taxpayers to file as late as July 15, many Americans facing that deadline who owe 2019 […]
A Small Business Line of Credit is an Ideal Solution for Maintaining Small Business Cash Flow – How Borro Makes it Even Better
Many small businesses have long relied on a business line of credit for maintaining cash in a range of situations from making large inventory purchases to meet surging demand, or to sustain operations during a slow period. A business line of credit, once established, provides immediate access to whatever amount of cash a business owner […]
Borro Benchmarks: The Rolex Submariner
Welcome to the first article in a new series for Borro Blog. Every week, I’ll be examining some of the most iconic and influential models from the biggest brands in the world, trawling through the archives in search of origin stories, significant moments in each model’s history, and the standout members of these very exclusive […]
Collateral Loans are a Fast, Easy and Efficient Way to Obtain Emergency Cash
Collateral loans are a reliable, fast, easy, and efficient way to access cash through a short-term loan. Unlike loans from traditional financial services providers, this type of loan requires no credit check or financial disclosures, and transactions typically take only a day or two to complete. A borrower’s low credit score or poor credit history […]
How to Tap the Liquidity in Fine Jewelry and Diamonds for Coronavirus Emergency Cash
The Coronavirus pandemic has thrown the budgets of many individuals, families, and small businesses into turmoil. Historically high unemployment levels and declining levels of business activity are driving a need for immediate, short-term cash to help cover expenses during the next several months of economic uncertainty. Traditional bank loans and lines of credit are becoming […]
New Press Release – Borro Introduces Inventory Loan Product to the Luxury Goods Trade
Hot off the press – Borro introduces a new loan product, Luxury Inventory Loan, for the luxury goods trade. The full article is below: Short-term standard loan or line of credit options use part of retailers’, wholesalers’, traders’, manufacturers’ and other trade members’ luxury asset inventory as collateral June 04, 2020 05:30 PM Eastern Daylight […]
How Women are Borrowing Money Using Their Designer Handbags and Accessories as Collateral
It is being widely reported that women are being especially hard-hit by the current economic crisis. Whether due to a reduction of income or an increase in expenses, the need for supplemental cash is rising, and may not be met fully or fast enough by state or federal government assistance such as the CARES Act. […]
