Luxury asset short-term lender, Suros Capital, has signed an origination agreement with specialist business and property finance broker, Bluebox Finance.

Suros provides short-term finance specifically aimed at customers looking to raise money quickly, secured against assets including classic cars, jewellery, fine art, watches, and fine wine.

Bluebox founder, John Sweeney, said that the broker is responding to a “growing requirement” for short-term finance from SMEs.

“Suros’ proposition of lending against luxury assets gives us and our clients an important option for those business owners who don’t want to use bricks and mortar assets as security for a loan,” Sweeney commented.

“Completion times are only limited by how long it takes to have assets valued and assessed. Being able to tell clients that cleared funds can be in their account within 72 hours or earlier, without the need for the usual paperwork surrounding normal property backed loans, makes Suros’ offering the simplest and fastest way to provide short-term funding.”

Suros business development director, Charles Hodge, added: “We are delighted to add Bluebox to our growing panel of introducers. Luxury assets, apart from possessing intrinsic value, can play a valuable role as security for short-term loans like ours.

“Thanks to the simplicity, speed and transparency with which we can provide funding, Bluebox clients with luxury assets can now access instant short-term borrowing for any purpose.”

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