Another day, another rollercoaster day for the Dow. Ugh. From the headlines, I think we all get the message that many of the financial problems are due in part to the lack of viable sources of credit. Well, I found the answer… ArtLoan. ArtLoan is the first and only private lender to offer asset-based financing to the antiques and fine arts community. From their website:
The equity in your fine art, collectibles and art-related assets is a powerful financial tool. Use it to manage your portfolio, achieve personal goals, create wealth-building solutions, or provide a constant flow of working capital for your business. Using effective borrowing strategies to put your art equity to work can help preserve cash, avoid potential tax exposure, and prevent untimely dispositions of assets.
Accessing the equity in your antiques, collectibles, and fine art is no longer a challenge. ArtLoan provides dealers, investors, and private individuals who own art-related assets the means to discreetly leverage these assets with an Equity ArtLoan ™ and soon, with their own personal ArtLoan Creditline™. With an Equity ArtLoan™ you may borrow against your art-related assets, thereby accessing the equity in these formerly illiquid properties, quickly and easily. With a personal ArtLoan Creditline™, clients have the flexibility of drawing funds against their line of credit without incurring interest fees or expenses until the cash is actually needed and accessed.
Just another example of how art ownership is more and more becoming a recognized fiscal asset.
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