It is a short/long-term loan that provides you with a specific amount of capital in exchange for one or more luxury assets that are securely stored by us as collateral until the loan is repaid. Our loans have a 4 month to 5-year term, and there is no minimum period for repayment.
For clients who require a revolving line of credit that can be drawn upon at any time Like a home equity line of credit, the Luxury Line of Credit gives you immediate access to capital using the value of your luxury assets as collateral. Its credit line is based on our valuation of one more luxury assets that are securely stored by us as collateral.
Provides operating capital to luxury goods retailers, wholesalers, traders and other industry trade members Inventory loans enable companies in the luxury good trade to use current inventory as loan collateral to help cover payroll, rent, insurance, and other operating expenses that haven’t gone away while revenues are reduced, and are an attractive alternative to selling inventory at a loss.