"Many people have accumulated substantial assets and portfolios with excellent credit ratings but at certain times require immediate access to capital either to take advantage of a business opportunity, as additional working capital for their business or for personal reasons. This is where we offer tailored, short-term cash solutions secured against the client's assets. There are many benefits, as our clients bypass the restrictions of dealing with a traditional bank, which means there are no credit checks, credit committee approval processes or pay slip requirements. Our services are confidential and a solution is offered within 24 hours and in most instances, the same day," says Charles Meyerowitz, co-founder and director of Lamna.
As lenders to mostly high net worth individuals and entrepreneurs, there is no blueprint, as each transaction is uniquely assessed and a tailored solution is agreed upon with the client. Once finalised, the asset is retained by the company as collateral against the short term loan, to be returned once the agreed sum has been settled.
"In most instances, we find that we are being approached by entrepreneurs who are presented with attractive investment opportunities and choose to gain immediate access to funds against their 'lazy' personal assets such as boats, trucks, cars, jewellery, artwork and watches. Most of them have sizable portfolios and high personal net worth, but are concerned that the traditional solutions will be too time consuming or cumbersome and hence they coming to us.
"We believe people who own assets should be able to gain access to funds against the value of those assets via a confidential service that is quick, transparent and fully professiona," concludes Meyerowitz.
For more information, go to www.lamna.co.za
