stephen burton
london, LND (UK)
Role(s):
Other
Bordeaux Cellars
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Startup
Location:
london
Industry:
Other
Year Founded:
2011
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
We are traditional wine brokers but due to the current economic crisis plaguing Europe we have diversified into collateralised lending. We are currently receiving over $3 million loan request per month from wine collectors looking to borrow against their valuable wine collections as they have difficulty raising finance from banks in this current market.
Our main business is now matching private borrower to private lender. This enables the borrower access to immediate funds (a lot of banks have stopped lending) and gives the lender a very good rate of return 12% at the same time being totally secured.