Suros Capital has provided a £300,000 loan to support the opening of a new art gallery, using part of the client’s art inventory as collateral.
The loan was completed within 72 hours, with the only delay caused by the art’s assessment and valuation.
The gallery owner, advised by a London-based fine art firm, expects to repay the loan within three months as cash flow improves.
Ray Palmer (pictured), director at Suros Capital, said: “This deal demonstrates just how vital the Suros service is to those clients who require instant finance.
“There is no other facility available in the UK that is able to provide funding so quickly and with so little invasive bureaucracy.”
