About
Borro is a specialized collateral lending service that enables owners of luxury and high-value assets to access fast, private funding without selling their possessions. The platform accepts a wide range of assets as collateral — including luxury watches, fine jewelry and diamonds, designer handbags, luxury and classic cars, fine art, gold and precious metals, and auction-quality items. Unlike traditional bank loans, Borro does not perform credit checks, require personal financial disclosures, or demand business financial statements. The application process is straightforward: clients apply online, by phone, or in person; ship their asset (with Borro covering insured shipping costs) or deliver it in person; and receive a final offer via DocuSign. Funds are then wired or sent via ACH — often within a single business day. Borro also offers a Luxury Line of Credit product, which allows clients to store their assets securely with Borro and access same-day funding with a single phone call whenever needed. All assets in custody are fully insured and kept in secure storage. Having loaned over one billion dollars to more than 15,000 clients across the United States, Borro is suited for high-net-worth individuals, collectors, business owners, and entrepreneurs who need rapid liquidity for investment opportunities, emergencies, or short-term financial needs while retaining ownership of their prized assets.
Key Features
- No Credit Check Required: Borro never analyzes personal credit history or business financials — loan eligibility is based entirely on the value of the collateral asset.
- Fast Funding: Loans can be funded in as little as one business day after asset evaluation and contract signing via DocuSign, with funds sent by wire or ACH.
- Wide Range of Accepted Assets: Accepts luxury watches, fine jewelry, designer handbags, classic cars, fine art, gold, precious metals, and other auction-quality high-value items.
- Luxury Line of Credit: Clients can store assets with Borro and access same-day funding with a single phone call through the revolving Line of Credit product.
- Fully Insured & Secure Storage: All assets held as collateral are fully insured, stored securely, and returned in the same condition once the loan is repaid.
Use Cases
- A luxury watch collector needs short-term capital to seize a time-sensitive investment opportunity without liquidating their collection.
- A business owner uses fine jewelry or designer handbags as collateral to bridge a cash flow gap without impacting their credit score.
- A car enthusiast borrows against a classic or exotic vehicle to fund a business expansion while retaining future appreciation of the car.
- An art collector accesses fast liquidity using fine art as collateral to meet a financial deadline without selling the artwork.
- A high-net-worth individual uses the Luxury Line of Credit to maintain ongoing access to discretionary funding backed by stored luxury assets.
Pros
- Completely Private & Discreet: No credit check, no personal or business financial disclosures — ideal for high-net-worth individuals who value confidentiality.
- Retain Ownership of Your Assets: Clients borrow against their assets without selling them, preserving long-term value and sentimental ownership.
- Proven & Trusted Track Record: Over $1 billion loaned to more than 15,000 clients nationwide with strong BBB reviews and a white-glove service model.
- Flexible, Fast Application Process: Apply online, by phone, or in person — with minimal paperwork and electronic contract execution through DocuSign.
Cons
- Not a Traditional Loan Product: Loan amounts are based on asset appraisal (typically a fraction of fair market value), so borrowers receive less than full market value of their items.
- Asset Must Be Physically Surrendered: Clients must ship or deliver their collateral to Borro for the duration of the loan, meaning items cannot be worn, displayed, or used during this period.
- Limited to High-Value Assets: The service is only suitable for owners of genuinely high-value luxury items; everyday consumer goods are not accepted as collateral.
Frequently Asked Questions
What types of assets does Borro accept as collateral?
Borro accepts luxury and classic cars, luxury watches, fine jewelry and diamonds, fine art, designer handbags and accessories, gold and precious metals, and other auction-quality high-value assets.
Is a credit check required to get a Borro loan?
No. Borro never performs a credit check or reviews personal or business financial information. Loan eligibility and value are based solely on the appraisal of the collateral asset.
How quickly can I receive funding?
Borro can fund loans in as little as one business day after the asset is received, evaluated, and the loan contract is signed electronically via DocuSign.
What happens to my asset while the loan is active?
Your asset is stored in Borro's fully insured, secure facility for the duration of the loan. It is returned to you — at Borro's cost for insured shipping — once the loan is repaid.
What is the Luxury Line of Credit product?
The Luxury Line of Credit allows clients to store their assets with Borro at no cost and access same-day funding simply by making a phone call, providing ongoing liquidity without repeatedly shipping assets.
