Platinum Art Lending, Finance (non resource), Loan and Art Capital

Art Dealers

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Art Dealers often encounter a limited availability to credit while striving to secure larger inventory and new clients.  This creates a need for additional sources of funding, to increase working capital and fulfill the positive growth.  The short-term funding needed to facilitate expansion or meet seasonal cash flow needs is not readily available from traditional lending sources. PlatinumArt’s Inventory Financing developed new business strategies.  With minimal paperwork involved in comparison with a bank loan and most importantly; no personal or corporate guarantees are needed. In addition, turn-around times are significantly faster, thus eliminating the lengthy re-application process.  As an Art Finance Company, PlatinumArt possesses the capabilities to provide initial funding within 5-7 business days.

Today, large and frequently unanswered requests to meet the capital needs of this largely overlooked sector of the business community.  Art Dealers who do not have access to traditional lending sources can be accommodated by alternative and creative financing solutions with PlatinumArt’s services. Unlike banks and finance companies, PlatinumArt is not concerned, in any way, with the credit or balance sheet of their clients.

PlatinumArt management has spent over 20 years satisfying the unique needs of specialty financing.  We successfully funded in excess of several billion dollars to those growing and ambitious companies in need of cash flow solutions.

Inventory Funding

Essential to the daily operations of any Art Dealers who want to grow their business, we provide funding against a selected and existing art inventory for additional purchases. Any Art Dealer is constantly challenged to manage art inventory and leverage their cash flow.  They must carry sufficient working capital in order to juggle payments by their customers along with their own overhead expenses, including payroll, rent and taxes, all of which are typically paid on a more frequent basis.  ArtFlow Funding is the perfect solution to relieve and eliminate the strain of balancing receivables and payables.

The ArtFlow Funding Process: How Does It Work? The client's selected art inventory is appraised by PlatinumArt’s approved appraisers. Then, the inventory is placed in a bonded warehouse under PlatinumArt’s name. PlatinumArt will then advance you up to 50% of the appraised value of the art. Once, PlatinumArt’s advance plus the funding fees are recouped, the inventory is immediately released to the client. This is a fast and easy process.  This process turns the art inventory into immediate cash, increasing clients’ cash flow and strengthening their purchasing power.

Acquisition Funding

PlatinumArt provides funding to Dealers with a desire to raise capital in order to acquire additional inventory. These pieces can be from other collectors, foundations, dealers or properties at a coming auction.
Our ArtFlow Funding program provides a much needed financial resource to secure working capital without incurring additional debts or liabilities.  As a result, the balance sheet remains unchanged and the personal holdings will never be compromised.

The Dealer might need all or part of the funds required for such acquisition. PlatinumArt will utilize the value of the artwork as collateral for its ArtFlow Funding. In case of an auction the funding is arranged prior to the auction.

Advance Auction Funding

Whether your business is established or a start-up, PlatinumArt provides you the necessary financial stability, to increase revenue and maximize efficiency.  Dealers look at PlatinumArt as an outsource for art purchases to free up their liquidity. We attentively manage all aspects of the process from purchase of the art to cash on your behalf.
Dealers with desire to sell art assets through auction but need short term liquidity may gain access up to 50% of the low end auction estimate in advance of the sale. These funds may be utilized in other opportunities rather than wait for the sale at the coming auction.