borro has revealed the main types of personal assets used by clients to access liquidity in 2012.
The ten main types of asset used were: jewellery, watches, gold, fine art, antiques, luxury cars, wedding gold, diamonds, wine and antique silver.
The personal asset lender said it saw a 122% increase in funded loans for 2012 compared to the same period in 2011.
The average loan value for 2012 increased to £7,000 (up from £3,500 in 2011) and the average loan value to SMEs (who make up the majority of borro’s loan book) rose 41% from £17,000 to £24,000 since last year.
Paul Aitken, CEO said: “During 2012, in a climate where loans from traditional sources were few and far between, we saw clients using a range of high value assets to unlock necessary finance.
“An increasing number of individuals, entrepreneurs and small business owners recognise they have accumulated a wealth of personal assets that can temporarily be turned back into cash, quickly and easily.
“For small business owners and SMEs this is especially important when needing to realise a business opportunity that would not have otherwise been possible.
“The continuing growing demand for our service just goes to show that alternative forms of financing are becoming more mainstream.”