Since its launch in January, Suros Capital’s ‘loans to business’ proposition has seen a rising tide of interest, particularly praised by introducers for its streamlined approach to lending.
Ed Blackmore, the company’s business development director, confirmed the positive reception: “It is encouraging that Suros’ decision to lend to businesses has been vindicated by the response we have had from commercial finance professionals.”
Suros Capital’s lending strategy deviates from traditional commercial lending by focusing solely on the value of luxury assets as collateral, a method that resonates with firms prioritizing quick transactions and minimal paperwork. Blackmore highlights the attractiveness of this method in the current lending climate: “Our proposition…is looking particularly attractive to firms that want fast completions with the minimum of paperwork.”
A recent case illustrates Suros Capital’s efficiency: an accountant heading a fine art investment firm secured a £70,000 loan through Suros by using the company’s art collection as security.
The loan, intended for the acquisition of new artworks, was facilitated in under three days.
