[Andy]

Yes there are now lenders that do secured short term loans secured by jewelry, high end cars, paintings, wine etc, at rates a lot lower than cash advances. But it is very rare we use their services because most of the merchants looking for cash advances do not have these kinds of assets to put up as collateral

[Ryan Shiroky]

Andy,

Can you name a few of these lenders? The only asset-based lenders I know of right now collateralize real estate or vehicles and the rates are maybe a third lower than an unsecured advance.

[Andy]

Andy,

Can you name a few of these lenders? The only asset-based lenders I know of right now collateralize real estate or vehicles and the rates are maybe a third lower than an unsecured advance.

Off the top of my head, borro. Based in NYC. www.borro.com