Art Capital Group – Art Capital Group

Ian Peck is the founder and CEO of a company called Art Capital Group. This company was founded in 1999 and is a global financier for art businesses, collectors, and financial firms. The Art Capital Group was the first of its kind in the market and has underwritten $5 billion in art-backed loans. Through structuring tailored financial products such as loans, Art Capital Group assists individuals, art-based companies, and art investors to adapt and expand accordingly, because in today’s day and age art is a core asset. So in layman’s terms, this group offers different types of loans for people in the art world who need it for their business of buying, selling, producing, or displaying art, and they use the client’s art as collateral if they do not repay the loan. 
 

Art Capital Group specifically provides services for art firms. They focus on four main services such as: they provide the working capital, acquisition capital, expansion capital for galleries, and a vast array of financing options for gallery clients and collectors. The working capital is calculated by subtracting your current assets from your current liabilities, so this means that the Art Capital Group would loan you enough money to pay your short-term debt, keeping your working capital in the positives. Acquisition capital is defined as the capital that goes towards acquiring other asset, such as when you are trying to expand you business. Expansion capital is the money that is necessary in order to grow your business and to increase your profit this can be provided through, funding for increased expenses, increased levels of inventory, increased plant and equipment capacity, increased working capital levels, increased marketing costs, business acquisition capital, and transaction costs. Art Capital Group, unlike banks, is able to offer more flexibility and creative deals with less risk. Due to Art Capital Group’s connections worldwide they can ensure that their clients receive the best terms and products. 
 

Art Capital Group also allows art firms to offer their service to the art firms’ clients, which in turn allows art businesses to improve and expand their own personal product platform as well as, helping their clients execute complicated transactions, expand their collections, and help them find beneficial tax treatment. Art Capital Group will help you business succeed and continue expanding by not only offering you services but your clients as well, which will have a positive effect on your business as well.