Diamond Banc

•  Diamond Banc uses bullion as collateral to provide loans on gold, silver, and Rolex watches. It claims to offer a maximum of $500,000 in 24 hours or less.
• The company's lending process is simple and begins with filling and submitting an online form describing the item. Diamond Banc's team of expert jewelers then analyze the form and provide an initial quote within 24 hours.
• Next, the users ship their items for official evaluation by the company personnel. Lastly, once Diamond Banc completes the evaluation, it sends an official offer and prepares for immediate payment via wire transfer or check. 

Vasco Assets

• Vasco Assets is a licensed and bonded investment company trading luxury tangible assets. It specializes in specific assets, which are luxury watches, precious metals, jewelry, coins, luxury and exotic cars, diamonds, and collectible art.
• The company's loan process is simple and involves three stages; the first one involves a virtual appraisal process, followed by an acceptance of the item, which includes wiring of the funds. Lastly, the borrower pays the money he/she owes Vasco in full and their assets are returned safely and promptly.
• Vasco Assets claims to offer loans from $5000 to $2,000,000 available same day up to 24 hours.

WatchBox

• WatchBox provides loans against luxury watches, including brands like Rolex, Omega, Audemars Piguet, Hublot, etc.
• Its process involves four stages, one, the user fills in a form with details of the watch, second, the user sends the watch and receives an offer, third, WatchBox wires the loan and the user begins making monthly repayments, four, upon finishing repaying the loan, the company ships back the watch.
• WatchBox claims to offer short-term loans up to $5,000,000, or more, within 24 to 36 hours.

Luxury Asset Capital

• Luxury Asset Capital is a family-owned lender focusing on high-net-worth individuals and businesses in need of capital. It claims to offer loans from $50,000 to $5 million backed by "luxury cars, high-end watches, diamonds, etc.
• Just like other lenders, Luxury Asset Capital evaluates the item and provides the loan based on a "loan to value (LTV) ratio of typically 50-70%" of the item's current market value.
• Once the deal is finalized, the company takes possession of the item and wires the capital. It charges fees from 1.5% per month depending on type of asset collected.
• Luxury Assets Capital can return the item once the user repays the loan, or keep it in case the user draws more capital again.

Beverly Loan Company

• Beverly Loan Company is an upscale collateral lending company (pawnshop) specializing in loans against diamonds, jewelry, gold, high-end watches, collectible art, etc.
• Its process is similar to those other luxury assets lending companies and involves pawning the collateral, which is then purchased at the dealer's rates. Next, the user sells their items, which they can reclaim once they repay the money loaned.
• Unfortunately, Beverly Loan Company does not indicate on its website its maximum loaning amount.

Chicago Loan Company

• Chicago Loan Company provides short-term pawn loans against signed jewelry, luxury watches, and fine art.
• The borrowing process is streamlined and involves evaluating the collateral to determine its worth. The user then signs and approves a pledge agreement established by Illinois state law.
• Chicago Loan Company has not published on its website the maximum amount one can borrow.

New York Loan Company

• New York Loan Company is a luxury pawn shop in New York offering loans from three figures to seven figures.
• It provides pawn loans against diamonds, gold/platinum jewelry, luxury watches, collectible artwork, and sports memorabilia.
• The company's loans process involves evaluating the item, agreeing on the loan amount, signing and approving documents, award of the loan, loan repayment, and finally collecting the collateral.

Research Methodology

Legalzoom

• Legalzoom is a legally-focused business that aims to improve the availability and accessibility of legal care to everyone in the U.S.
• The company claims to offer 100% satisfaction and is an expert in various legal matters. It also uses the services of expert attorneys, top business leaders, and visionaries. To date, it claims to have served over 3.6 million customers.
• Legalzoom's promissory creation process starts by identifying whether the type of promissory note required needs some collateral security or not.
• The user will then answer a set of simple questions that auto-fill the document by entering some necessary details. The next process entails saving the document, downloading it, and printing it before users can logging in to Legalzoom to access and use the document.
• Unfortunately, the company does not reveal its pricing for promissory notes because it offers broad legal services, each with a different pricing. Moreover, users are required to create an account with the company to access more features, including pricing information.

Nolo

• Nolo provides customers and small businesses with answers to their every day and challenging legal and business questions through do-it-yourself legal books and software to enable consumers handle simple legal matters like creating a promissory note.
• Nolo's promissory notes cover four main types of loans, including loans without interest, amortized loans, lump-sum payment, and interest-only payments.
• The company's promissory notes creation process follows five critical stages. The first phase involves inputting the borrowers details into the online form, the lender's information, loan and repayment plan, security agreement, and a summary of the form.
• Nolo's promissory note services are available as a subscription, with one-year subscription costing $44.99. Further, up to four individual can use the company's promissory note.

Rocket Lawyer

• Rocket Lawyer is on a mission to streamline the provision of legal services online by making them more affordable, simple and available to many individuals.
• The company's promissory notes creation process involves three major stages, with the first stage focusing on inputting the relevant details; then the next stage involves saving, printing, and sharing the document; and the last stage entails signing the document to make it legal.
• The company offers many free services to its premium members and charges non-members $39.99 per document.
• However, some documents and consultative services are charged differently; for instance, a 30-minute consultation on every new legal matter costs $59, while affordable incorporation filing for businesses costs $99.

Research Methodology