Borro for Small Business
A timely and flexible source of capital for your business
Borro eases a company’s cash flow and investment capital pressures
“Cash is king” is a timeless adage well known to entrepreneurs and small business owners, and for good reason.
Temporary gaps in cash flow are often the reason that otherwise promising businesses fail, or fail to realize their full potential due to underinvestment. Borro provides a timely and flexible source of capital for your business without the typical delays, rejections, complexity or burdensome paperwork of banks and alternative lenders.
With Borro, obtaining a business loan is simple. Our sole lending criterion is the value of your luxury asset(s) we hold as collateral.
How can Borro help you
A Line of Credit to Bridge Gaps in Cash Flow
Investment Capital to Grow Your Business
A Better Alternative Source of Business Capital
How Small Business Owners Use Borro
Borrower Type: Small Business
Situation Summary: A jewelry trading company had an opportunity to augment inventory with some time-sensitive additions, but because the opportunity arose during its slow season, did not have adequate cash flow to finance it. Traditional lenders were not an option for this type of business.
Loan Amount: $150,000
Luxury Asset(s) Used for Collateral: Several fine jewelry assets
Transaction Timeframe: Seven days
Result: Additional inventory acquired. After income production picked up a few months later, the Borro loan was repaid and the client’s assets were returned.
HOW IT WORKS
Using Your Luxury Assets to Obtain a Short-Term Loan is Fast and Easy
Get up to $5,000,000+ in 1-3 days with no personal guarantee, no credit check, and virtually no paperwork. Our fast and secure process has earned the trust of over 15,000 people just like you, and has made us the leading provider of luxury asset-based collateralized loans.
Apply online or over the phone right from your house with your contact information, how much you are looking to borrow and a detailed description of your asset(s). It's quick and easy!
Ship us your asset(s) for a final valuation. We will email you a shipping label and coordinate the pick up of your asset(s) from your home, which is insured and fully paid for in most cases by us.
You’ll receive a final offer & contract electronically via DocuSign. Electronically sign & Borro will immediately send funds via wire/ACH. Your asset(s) are photographed, labeled & barcoded & then stored in our secure vaults.
PAY YOUR LOAN OFF & GET YOUR ASSET BACK
You can also pick up your assets at our New York or Denver office. You can choose to continue to store your assets with us at no cost, through our Luxury Line of Credit product, giving you same-day access to funding with just a phone call.
New York Office – Midtown Manhattan
110 W 40th Street
New York, NY 10018