So, you have an amazing business idea. You have identified a gap in the market, and you are poised to slide right in, establishing yourself in a niche with a product or service that the world did not even know they needed… until now, that is. You have worked out your business plan, spending countless nights ironing out the details of your time to launch, market entry plan, customer profiles, advertising budget, and so much more.

Time, energy, and innovation are no concern. The missing piece? Funding. Getting a business off the ground is expensive, especially if you are building a product. There are so many moving parts to the equation: contract negotiation, manufacturing, packaging, shipping, materials procurement, supply chain questions, etc. The list goes on and on.

Diving deep into the complexities behind building a 21st-century business is not what worries you. You are equipped with everything you need to succeed – that is, if you can get the funds to grease the wheels. Once your company is up and running, you are confident you will be able to pay back every dollar and then some. And that confidence is what sets you apart.

It sounds like you are ready to kick off the decade’s next big thing. But that pressing question just keeps on nagging at you: Where are you getting the money? Today, we are going to cover one premier funding option to start a business without being beholden to demanding investors or folding to pressure from a board. Luxury watch and jewelry loan might just be the solution you have been searching high and low for.

What Is a Jewelry Loan?

A jewelry loan is a type of collateral lending, as are luxury watch loans, fine art loans, automobile title loans, and others. With jewelry as collateral, the borrower (you) leverages one of your high-end pieces of jewelry in order to provide security for the lender and demonstrate their ability to pay back the loan. Collateral loans come with a number of key perks that you will not find with a traditional personal loan or even a business-focused loan:

• High loan amounts: At AMETA Finance Group, we offer loans up to $5 million
• Low interest rates: Our watch and jewelry loan interest rates sit around 4%, which is lower than even the lowest personal loan rates out there)
• No credit checks: Unlike traditional personal loans, jewelry collateral loans do not require credit checks or proof of income statements
• Quick turnaround times: At AMETA, we can wire your loan right to your bank account within 24-48 hours of receiving your signed loan agreement

Costs Associated With Starting a Business

As you look at starting a business, make sure to account for the many different costs you will face along the way. You will want to ensure you take out a loan that can cover all of these costs – remember, you do not want to skimp on getting your business up and running. Yes, it is important to stay lean and mean, and yes, you can launch a minimum viable product (MVP). But if you cut costs too much, you might lose out on customers seeing all your business could be.

Here is a list of some key factors to consider in terms of startup costs as you look for a loan that suits your needs:

• Office space (if you plan to have a brick-and-mortar business, you may need separate spaces for employees to work in and a customer-facing storefront)
• Equipment and supplies, including any technology or programs you need
• Communication tools
• Utility costs associated with physical space (internet bill, water, electricity, etc.)
• Any relevant licenses and permits
• Insurance, for both the business and the rented or purchased space
• Legal expenses
• Filing expenses (reserving the business name, trademarking the logo, etc.)
• Accounting costs
• Website expenses (building the website, purchasing the domain, hosting costs, etc.)
• Inventory
• Employee salaries and any associated hiring/HR costs, including payroll software
• Market research and/or consulting costs
• Advertising and marketing budget, including printed materials
• Taxes (variable, but federal flare rate is 21% in the United States)

Of course, you will need to tailor this list to the unique structure and needs of your business. For example, if you are running an entirely remote business, you may be able to cross off expenses such as office space and building utilities from your list. Likewise, not all businesses require permits and licensures. Doing research on your unique sector or vertical is crucial to success as you get your business off the ground.

Ultimately, the average cost of starting a business ranges so widely that the figures tell you very little. Think about it like this: A digital freelance business is going to have far less overhead than a restaurant or a manufacturing plant. Researching the average cost of starting a business in your industry is going to give you a clearer picture of what to expect.

Can I Get a Loan on My Jewelry?

Now that you have a better picture of the costs associated with starting a business and the benefits of getting a loan on jewelry, you are probably wondering if your jewelry collection qualifies for collateral financing. The good news is that if it is made from precious metals and/or include high-end gemstones, it likely does. There are essentially three tiers of jewelry lending.

#1: Brand-Name Jewelry

For this category, think of highly recognizable creations like a Harry Winston choker, a Van Cleef necklace, a Cartier bracelet, or a Tiffany & Co. engagement ring. These pieces are especially valuable if you have your original purchase paperwork, an original box, or another testament to its authenticity and value. Brand-name jewelry carries an intrinsic value, and it is also simpler to appraise, as these pieces typically have a “going rate” on the market that is easy to ascertain. Plus, they are usually worth more than the sum of their parts, meaning you can access higher loan amounts and quicker turnaround times due to the ease of appraisal.

Discover New Financial Possibilities With AMETA

When you work with our team at AMETA Finance Group to secure high-end jewelry and watch loans, you will experience unmatched service, value, and security. Our partnership with elite Manhattan luxury watch and jewelry seller Avi & Co. seals the deal, allowing us to channel decades of expertise in this unique vertical.

Whether you are looking to get a jewelry loan or borrow against a vintage Rolex, AMETA is the place to turn for reliable and reputable collateral loans on jewelry. Are you ready to start the business you have been dreaming about for years? Submit this short form to get a preliminary estimate of your watch or jewelry’s value, and see what doors may open for you.