NASDAQ News - An Introduction to Luxury Asset Loans from Borro
Wall Street Journal - Using Luxury Assets to Secure a Loan from Borro
Borro Private Finance is a boutique lender that provides loans secured exclusively against luxury assets, facilitated by in-house valuation expertise, giving individuals powerful, non-bank financing options for access to capital.
Borro is an upscale pawn shop based in New York that allows people who own luxury items to get short-term secured loans without the need of extensive paperwork, or even as much as a credit check. The company was launched in London in 2008, and since 2012, also operates in the United States.
Borro Private Finance (previously known as Borro) is a UK-US-based online pawnbroker and secured lender that offers loans secured on luxury assets.   The company provides loans allowing clients to use luxury assets such as fine art , classic cars , jewelry , watches and other collectibles.
What is a Borro Private Finance personal loan? Borro Private Finance offers three types of personal loans for your luxury assets. Sale advance loans. If your luxury goods meet a minimum amount — dictated by the type of collateral you’re supplying — you may qualify for an advance on their sale.
Borro lends money on high-end watches, fine art, jewelry, classic cars, yachts, and more. You have four options to apply for a loan. To apply online, just enter your name, address, phone, email address, zip code, and a brief description of your items – a representative then contacts you to further discuss your valuables.
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Borro offers short-term loans between $1,000 and $1 million to small businesses and other clients who provide collateral such as fine art, jewelry and even private jets and yachts.
Since 2008, London-based luxury pawn shop Borro has helped broker more than 20,000 short-term loans to asset-rich, cash-poor folks, using “toys” as collateral.
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Borro Private Finance provides discreet loans secured exclusively against luxury assets, facilitated by in-house valuation expertise, giving individuals powerful, non-bank financing options for immediate access to capital.