Asset rich but cash poor? Maybe it's time to rethink pawn

Charles Meyerowitz It’s no secret that small businesses – and the individuals behind them – are cash-strapped in the current environment. Finding the liquidity to fund growth and operations is increasingly tricky as access to credit becomes tighter – but the answer may be sitting in the garage or around your wrist. Charles Meyerowitz, co-founder, and CEO of Lamna , a specialty asset-backed financier, says that in many cases people hold valuable assets but experience temporary liquidity problems in their business or personal capacity. “People simply have money tied up in luxury assets like cars or watches,” says Meyerowitz. “Collateralised lenders, like Lamna, focus on creating quick, discreet cash injections for people by exchanging high valued assets for loans, all facilitated in a secure online environment.” “This, amongst other factors, is what sets Lamna apart from the traditional pawn shop industry and it has revolutionised the way that individuals think of the funding met...