The Benefits of Getting a Biltmore Loan Compared to a Bank

The Benefits of Getting a Biltmore Loan Compared to a Bank

It comes as no surprise that in recent years, asset based lending such as the kind offered by Biltmore Loans has gained in popularity. For more experienced lenders, this is not surprising mainly because of how little is needed for a borrower to get some quick cash from Biltmore Loan, compared to bank requirements.

In fact, there are so many advantages of loaning from Biltmore Loan compared to traditional bank loans. Not only is the application process much quicker, applying for a loan against an asset that you bring in is much easier. Bank loans require good credit history and evidence that your business has been doing well for the last six months. In contrast, Biltmore Loan require things you already own to give you an estimate of how much cash you can have for them. Just thinking of the speed in which you can get some much needed cash is a great reason to apply for a Biltmore Loan rather than a bank loan.

Easy Compliance

When you make a loan from Biltmore, there are less contractual agreements compared to conventional credit lines. In other words, the requirements are not as tough and they are easy to comply with. This gives you the advantage of spending less time signing and reading the contract and more time to spend as you please.

Speed

More experienced borrowers would agree that the immediate cash you get for your assets is one of the most important advantages of borrowing from Biltmore Loan. There is no waiting time and you get cash on the spot.

When you need cash quickly, it is not always certain that you can get this from a bank. When you get an asset-based loan from Biltmore Loans, you are assured of a fast transaction. Professional evaluators will check your item and see how much they can give you for it. There is no waiting time. On the other hand, other types of financial institutions take a few weeks to a month for approving a loan. When you need quick cash, turning to Biltmore Loans is your best bet.

Easier Than Other Types of Loans

When you apply for a loan based on credit or on how well your business is doing, you need to show proof that you are doing well. On the other hand, when you apply for an asset-based loan from institutions such as Biltmore, the loan is completely based on the value of the assets you bring in. These can be homes, cars, sports equipment, fine art, jewelry, designer handbags and the like. The loan will depend on the value of the item rather than on a track record. This means you get to enjoy a speedy process without waiting time and quick cash just when you need it the most.

More Liquid

Getting a loan from Biltmore using your assets means that you get more liquidity. When correctly used, this gives you the opportunity to get a more predictable cash flow and financial stability. Getting a loan based on assets that you have will help you get more stable and open the doors of opportunity for you. Knowing that you can turn to Biltmore Loans with your asset over and over again in the future gives you a sense of security and stability that you just can’t get from a bank.

You Have Options

At Biltmore Loans, you have the option of borrowing cash against the asset or assets you bring in. You also have the option of selling your item. There is not just one way you can get money. Rather, there are flexible ways you can quickly get some much-needed cash. Once you sell your item, the transaction is done and there is no need to try and redeem it. When you borrow money against your item, you then have ninety days to pay it back with a small interest. No matter how you look at it, this is really a win-win situation.

Biltmore buys watches, music and sports memorabilia, precious metals, jewelry, designer handbags, high-end electronics, estate jewelry, diamonds, artwork, collectibles, and antiques. All you need to do if you need cash quickly is to take an item you have to Biltmore, get an evaluation and agree on a loan or to sell it. Prepare your items for evaluations by making sure they are clean. If you have designer bags, bring them in their own dust bags if possible. Keep items secure in their own boxes if you have them. You never know, your items might be appraised higher if they look brand new and in their original packaging.

How It Works

The moment you decide to go see Biltmore Loan and borrow some much-needed cash, the first thing you need to do is to get in touch with them. Call Biltmore Loans and let them know which assets you have that you want to have evaluated. Get directions of where to go if you are a first-time borrower. Next, bring your assets to the office for an evaluation. Professional buyers walk you through the process of loaning or selling your item. Upon a successful evaluation, you receive immediate cash. If you decide to sell your item, the moment you receive cash for it, the transaction is completed. On the other hand, Biltmore also offers you the option of a ninety-day loan option in which you will be able to pay your original loan back with interest. If this is the option you take, you then get your item back in its original condition once the loan is fully paid.

For quick cash with very little time wasted, you are better off applying at Biltmore Loan rather than in a bank. Biltmore loan says yes when the bank says no.