When the unexpected happens, asset based lending companies are here to help. All too often, life throws a curveball your way. Sometimes, those twists and turns can be negative: Maybe you have been hit with a series of unforeseen expenses, or medical bills are piling up. But other times, life’s unpredictability can bring joy. That house you have been eyeing just went on the market! Your daughter is engaged to the man of her dreams! Your colleague is offering you an exclusive opportunity to invest in a little-known startup!

When these opportunities come up, you simply cannot let them pass you by. Instead, you want to act like Jim Carrey in Yes Man. Yes, you are going to buy the home you have been dreaming of. Yes, you are going to help your daughter throw the wedding she has been imagining since she was a little girl. And yes, you are definitely going to get in on an investment that could change your life… not just now, but for generations to come.

The only obstacle standing in your way? Liquidity. Sure, you have assets… but they are a bit tied up right now. Do not cash out your stocks at an inopportune time because you need money fast. Do not sell off your real estate portfolio even though the market is down because you need a cash infusion. Instead, leverage your assets instead of liquidating them. How? Get a loan using collateral.

What Are Asset Based Lending Companies?

Asset based lending companies offer an alternative path to get the money you need when you need it. Instead of selling off or pawning your assets, you can use these assets to get a loan using collateral.

Must-Know Stats About Getting a Loan

Why would you choose to get a loan using collateral rather than opting for a more traditional lending method? We are going to paint you a picture, sharing some stats about getting a traditional loan that might just change your perspective.

• 24.6 million Americans have taken out personal loans, amounting to over $253 billion
• The average personal loan debt per borrower is $11,631
• For borrowers with a credit score over 700, the average interest rate for a personal loan is still high, coming in at 17.18%
• According to Forbes, average interest rates for personal loans are between 4% and 36%
• Delinquency on personal loans continues to increase after spiking during the COVID-19 pandemic in 2020, according to U.S. News and World Report

All in all, the stats on traditional lending methods for personal loans look pretty bleak. However, asset-based lending companies provide a better way to get more money faster. To compare, let’s take a look at some stats related to collateral loans with AMETA Finance Group, where we specialize in luxury watch loans.

• At AMETA, we can offer collateral loans up to $5 million. You can even combine multiple watches as collateral in one loan to get as close as possible to this maximum.
• Our loan-to-value, or LTV, ratio is strong. We can offer 60% to 80% of an asset’s market value as your loan amount. This far exceeds what you will see in pawn shops, for instance, where the LTV ratio is typically closer to 25%.
• We offer friendly repayment terms over a period of up to 15 months. This gives you plenty of time to repay your loan and reclaim your leveraged asset.
• You can have peace of mind while your watch is in our possession, knowing that it is safe and secure in our 24/7 monitored vault.
• We’ll never gouge you on shipping or storage fees. With AMETA Finance Group, you will not feel like you are getting nickel-and-dimed at every turn.
• We work fast! Once you sign your loan agreement, your money will be wired directly into your account in as little as 24 hours.

If you are trying to get a loan using collateral with your luxury watch, consider AMETA Finance Group. We are located in New York City’s renowned Diamond District, in the heart of the high-end watch and jewelry industry. Our luxury watch expertise and trusted reputation as a reliable and attractive lender have allowed us to help countless clients maximize the value of their assets and get liquid when they need it.

How to Find the Best Companies Providing Asset-Based Lending

In our modern world, it can be daunting to compare and contrast companies online that offer asset-based lending. How can you be sure that a provider is one you can trust? Here are some tips on how to find the best places to get a loan using collateral.

Look for Evidence of a Physical Presence: When it comes to collateral loans, it is virtually impossible for a company to operate completely online-only. After all, they have to store your luxury watch somewhere during the timeframe of your loan! So, where is their headquarters? Look for contact information online, such as a valid phone number and email address. If you cannot find any usable contact information, you should probably look elsewhere.

Confirm License Numbers: Any loan provider worth their salt knows that they must display their state-issued license number in a visible place, both online and in person. If you cannot find a trace of a license number on a website, this should raise a red flag. Hint: Check out the website’s footer! This is a common place to show administrative information, and it is also where you will find AMETA Finance Group’s license numbers on our website.

Search for the Best LTV Ratios: Make sure you are getting the most bang for your buck by seeking out asset based lending companies with strong LTV ratios. Often expressed as a percentage, an LTV ratio describes how much money you will get as your loan amount compared with the full market value of the watch. For example, if you brought in a Rolex watch worth $50,000, an 80% LTV ratio would yield a loan of $40,000. You should look for loan providers who can give you an LTV ratio of at least 60%. At AMETA Finance Group, our LTV ratio can go up to 80%.

Keep an Eye Out for Activity: If you are considering a certain collateral loan provider, confirm that they are still in business and gaining customers by looking for updates and activity on their website. Are they sending out a newsletter? Are they regularly posting articles or blogs? Lenders with a team of active staff are going to be the best equipped to give you a positive collateral loan experience. You can also explore the resources they are sharing to get to know the company a little bit better.

AMETA Finance Group: Your Trusted Partner in Collateral Loans

At AMETA Finance Group, we are a seasoned luxury watch loan provider that you can trust. Working with us is easy. You’ll get a preliminary appraisal by sending in details about and photos of your watch before you mail the timepiece to us, ensuring that you feel comfortable with the potential loan amount. Once we receive your timepiece, either through scheduled dropoff or prepaid and insured shipping, we will conduct a robust appraisal and give you a final loan offer based on the market value of your timepiece.

Our team of watch experts is well-versed in the horological world and will look at factors like the watch’s condition, market trends, recent sale prices, and more to determine its worth. You will get a chance to consider the loan offer before you sign digitally. Once you sign, you can expect to see your loan amount wired into your account, often in less than 24 hours. Talk about quick cash when you get a loan using collateral!

So what are you waiting for? Request a quote for your watch from AMETA today, no strings attached!