"Their proposition, based on lending secured against high value personal assets, offers us a complimentary short term funding resource to our existing lender portfolio."
Suros’ short-term finance proposition will now be available to all of SFC’s introducers.
Suros provides short-term finance specifically aimed at customers looking to raise money quickly but secured against luxury assets including jewellery, fine art, watches, luxury and classic cars and fine wine, rather than traditional bricks and mortar.
Daniel Yeo, MD of SFC, commented: “We and our introducer were delighted by the service we received from Suros Capital and now look forward to developing the relationship. We receive enquiries every week from brokers who use us because of our reputation for finding finance solutions for their customers. Suros Capital gives us another dimension to the service we can offer our introducers. Their proposition, based on lending secured against high value personal assets, offers us a complimentary short term funding resource to our existing lender portfolio. While we have uncertainty in the property market and the wider global economy, lenders are being more reluctant to lend without going through more than usual checks and balances. Suros Capital offers fast completion time because they lend against the security being offered, so there is a refreshing lack of paperwork. Once the valuation of the gold had been completed, funds were in our client’s bank account that afternoon. There was no other lender that could have committed to meet our client’s timescale. We are very much looking forward to working with the Suros Capital team in the future.”
Edward Blackmore, business development director at Suros Capital, added: “SFC will become one of our key distributors and we are delighted to form a partnership. Thanks to the simplicity, speed and transparency with which we can provide funding, their introducers can access instant short term borrowing to introducers’ clients who have luxury assets on which we can secure our loans. SFC has a deserved reputation for great service to introducers’ clients and we are excited to join their lender panel so we can demonstrate to their introducers just how powerful the Suros service can be for clients needing access to funds for any purpose with the minimum of hassle and paperwork.”
