Asset-based lending, in its simplest meaning, refers to any kind of lending that is secured by an asset, rather than the creditworthiness of the borrower. By contrast, conventional financing emphasizes a borrower’s ability to repay a loan.
ArtLoan collateralizes its loans with antiques, collectibles, and fine art. All financing is non-recourse and does not require a borrower’s credit or cash assets to back the loan or line of credit. Borrowers are never obligated to repay their loans and may choose, instead, to forfeit some or all of their property with absolutely no credit consequences. This kind of borrowing can provide tremendous tax advantages and wealth-building strategies for many clients. While non-recourse financing typically incurs higher interest rates, it offers certain important benefits not available through traditional lending. Non-recourse collateral financing gives clients an opportunity to borrow all the money they need, without the restrictions of credit limits and without the procedural requirements associated with traditional financing and commercial banking.
All of our loan products and services are designed to meet the ever-changing and evolving needs of the antiques and fine arts communities. Whether you’re a dealer seeking a line of credit against your inventory, a collector wanting to leverage the equity in your world-class collection, or an investor needing financing for a large auction purchase, ArtLoan has a lending solution that will work for you.
ArtLoan currently offers the following loan products:
If you would like to apply for an Equity ArtLoan™, please click here.
ArtLoan will soon be adding the following loans to its growing line of products & services:
- Auction ArtLoanTM
- ArtLoan CreditlineTM
