Suros Capital has signed an origination agreement with specialist business and property finance broker Bluebox Finance.
Suros provides short-term finance aimed at customers looking to raise money secured against luxury assets including classic cars, jewellery, fine art, watches, and fine wine.
John Sweeney, founder of Bluebox Finance, said: “My business partner, Harry Midgley and I are very much looking forward to working with Ray Palmer, Charles Hodge and the Suros team. As a commercial finance specialist, Bluebox is responding to a growing requirement for short-term finance from SMEs.
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“Suros Capital’s 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 & mortar assets as security for a loan.
“Importantly, 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 Capital’s offering the simplest and fastest way to provide short term funding.”
Charles Hodge, business development director at Suros Capital, added: “We are delighted to add Bluebox Finance 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 and, while they own those assets, use them again whenever they need new funding.”
