How to use online pawn shops to get business loans

03/27/2013 | Intuit Small Business Blog

As small-business owners struggle to find financing, some are turning to online pawn shops and asset-lending sites to secure loans. Online pawn shops allow business owners to use high-value assets as loan collateral; if they fail to pay off the loan, the asset is sold at auction. At Borro, a personal-asset lender, the average loan value is $35,000, and loan terms are often a few months long.

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