the leading online personal asset lender, today announced it will
initiate its Hurricane Sandy Relief program - a new short-term,
interest-free lending program to assist those small businesses impacted
by Hurricane Sandy. In an effort to help ease the recovery process,
borro will offer three months interest-free on loans up to $100,000 to
small business owners located in New York, New Jersey and Connecticut
who have been affected by Hurricane Sandy and might not have access to
funds until insurance claims are processed.
"We understand the tremendous disruption that a storm such as Sandy can
have on people's lives, and we want to offer some small meaure of
relief for those who might need it most," said Paul Aitken, CEO
and Founder of borro. "Access to traditional forms of financing is
already difficult to come by and with the additional uncertainty brought
on by Hurricane Sandy we want to be sure that people have a hassle free
way to secure funds."
borro offers small businesses, entrepreneurs and high-net worth
individuals liquidity against luxury personal assets such as watches,
jewelry, prestige and classic cars, fine art and antiques. There are no
credit checks with borro and loans can be issued within 24 hours. The
process is initiated online or in-person and borro will lend anywhere
from $1,000 to $1,000,000 depending on the asset.
borro's Hurricane Sandy Relief Program will go into effect immediately
and last until November 30th. To further demonstrate its
commitment to the greater NY Metro market, borro has also made a
charitable donation to All Hands Volunteers - a US-based, 501(c) 3
non-profit organization, that offers hands-on assistance to communities
around the world and provides immediate, effective and sustainable
support to communities in need by harnessing the energy and commitment
of dedicated volunteers. In addition, borro has promised the charity an
additional $100 extra per loan taken out as part of the Hurricane Sandy
For more information about borro's personal asset loans, please visit www.borro.com.
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