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Old 02-03-2010, 06:13 PM   #1
mkx
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Looking for a private lender at 20% annual interest

Business is booming for my mainstream 3 person company. Our sales have increased 33% to 74% every month as we keep adding new goods to our line of products. Last months sales were $55,000.00 and this month should be $80,000.00. I am looking to jump on opportunities to invest in more fast moving products which usually require a minimum stocking order. Can put a couple of my best domains as collateral and offer 20% annual interest. Could immediately use anywhere from $10,000 to $50,000. ICQ or email me if interested.
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Old 02-03-2010, 06:44 PM   #2
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Good luck champ.
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Old 02-03-2010, 07:17 PM   #3
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oh dear lord u are gonna get f'd with for posting this on here man. good luck on your lender, but i call sig spot #3 on this baby.
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Old 02-03-2010, 07:18 PM   #4
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try prosper.com
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Old 02-03-2010, 07:29 PM   #5
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Business is booming for my mainstream 3 person company. Our sales have increased 33% to 74% every month as we keep adding new goods to our line of products. Last months sales were $55,000.00 and this month should be $80,000.00. I am looking to jump on opportunities to invest in more fast moving products which usually require a minimum stocking order. Can put a couple of my best domains as collateral and offer 20% annual interest. Could immediately use anywhere from $10,000 to $50,000. ICQ or email me if interested.
This is the best time to get an SBA loan, SBA Express to be exact. If you ask for $25,000.00 cash they will give it to you plus a credit card with a $10,000.00 limit for a total of $35,000.00 available credit. That's just for starting your business with no income or existing business with income. Anything above $25K requires more documentation.
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Old 02-03-2010, 07:30 PM   #6
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My credit isn't the greatest.
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Old 02-03-2010, 07:52 PM   #7
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what domains are you thinking of as collateral?
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Old 02-03-2010, 10:43 PM   #8
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$50,000 at 20% would cost you $10,000 per year, "forever" if I read your post right.

Why not do this instead: Contact your credit card company and ask for a balance transfer loan. They are easy to get and cost between 1% and 4% depending on your credit rating. At WORST the loan will cost you only $2,000 one time (at best only $500). Why spend $10,000 PER YEAR when you don't need to?
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Old 02-03-2010, 10:55 PM   #9
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$50,000 at 20% would cost you $10,000 per year, "forever" if I read your post right.

Why not do this instead: Contact your credit card company and ask for a balance transfer loan. They are easy to get and cost between 1% and 4% depending on your credit rating. At WORST the loan will cost you only $2,000 one time (at best only $500). Why spend $10,000 PER YEAR when you don't need to?
Credits very bad, prob can't even get a prepaid credit card.. I don't mind paying $10,000 a year if I am going to make at least $20,000 that I would have never made without the loan, at least not anytime soon until the business can build more capital.
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Old 02-03-2010, 10:56 PM   #10
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what domains are you thinking of as collateral?
come on icq and ill tell you.
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Old 02-03-2010, 11:19 PM   #11
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The Bank of GFY is OPEN!

Which scammer will get to him first.... and who's booking odds on when we read about him getting scammed for $10K+???

Let's get it on people!!!
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Old 02-04-2010, 02:24 AM   #12
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try this http://domaincapital.com/services.html
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Old 02-04-2010, 02:37 AM   #13
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Adraco was talking about doing just this.. the other day.. Search for him
He was talking about charging 20
I thought, wow, that's ridiculously low for personal loans
He's just that kind of guy.. willing to help anyone
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Old 02-04-2010, 03:16 AM   #14
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I smell fish lurking around this thread.
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Old 02-04-2010, 03:46 AM   #15
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My credit isn't the greatest.
And, that happens for a reason (usually the credit holder's stupidity).
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Old 02-04-2010, 03:47 AM   #16
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What in the world are you doing with the existing profit if you need to borrow as little as $10k with $55k in sales last month and $80k projected this month?

Even with a small 10% profit margin you'd have $8k at the end of the month.

Combine that with last months profit of hopefully at least $5,500 and you have well over the $10k minimum you need.

Hopefully your margins are better than 10%...
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Old 02-04-2010, 03:55 AM   #17
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My credit isn't the greatest.
I think you answered your own question.
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Old 02-04-2010, 04:28 AM   #18
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You can try these guys Digital Pawnbroker
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Old 02-04-2010, 04:42 AM   #19
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What in the world are you doing with the existing profit if you need to borrow as little as $10k with $55k in sales last month and $80k projected this month?

Even with a small 10% profit margin you'd have $8k at the end of the month.

Combine that with last months profit of hopefully at least $5,500 and you have well over the $10k minimum you need.

Hopefully your margins are better than 10%...
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Old 02-04-2010, 07:16 AM   #20
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Thanks for the prosper.com link! Maybe I will type up some drunken business plans and get some cash.
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Old 02-04-2010, 08:05 AM   #21
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Share your secrets with me, we'll sell the same and sell you stock on credit.

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Edit: not in the same market as you obviously;)
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Old 02-04-2010, 09:31 AM   #22
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What in the world are you doing with the existing profit if you need to borrow as little as $10k with $55k in sales last month and $80k projected this month?

Even with a small 10% profit margin you'd have $8k at the end of the month.

Combine that with last months profit of hopefully at least $5,500 and you have well over the $10k minimum you need.

Hopefully your margins are better than 10%...
Margins are pretty much 10%, it's in a competitive market, high quantity low price. That $5,500 obviously gets reinvested but is not going to buy much at the end of the month. It will take a year to build a good $100k worth of capital, or with a loan, the business can build at least double that.
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Old 02-04-2010, 10:39 AM   #23
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Email the domains you intent use as collateral.
In the email, refer to needing a loan and specify the amount.
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Old 02-04-2010, 12:28 PM   #24
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I know people, 30%/month. How does it sound?
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Old 02-04-2010, 01:01 PM   #25
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Def give Gregg at Domaincapital a call. If you have some good names you can get cash real fast.
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Old 02-05-2010, 08:24 AM   #26
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Any luck finding a loan?
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Old 02-05-2010, 08:29 AM   #27
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Contact Rick Latona @ digipawn.com
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Old 02-05-2010, 08:31 AM   #28
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Contact Rick Latona @ digipawn.com
Yep Rick is another good guy to contact.
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Old 02-05-2010, 08:38 AM   #29
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Email the domains you intent use as collateral.
In the email, refer to needing a loan and specify the amount.
How do you guys structure your loans?
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Old 02-05-2010, 08:51 AM   #30
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Business is booming for my mainstream 3 person company. Our sales have increased 33% to 74% every month as we keep adding new goods to our line of products. Last months sales were $55,000.00 and this month should be $80,000.00. I am looking to jump on opportunities to invest in more fast moving products which usually require a minimum stocking order. Can put a couple of my best domains as collateral and offer 20% annual interest. Could immediately use anywhere from $10,000 to $50,000. ICQ or email me if interested.
You say you have huge sales of $55K / month.

Getting a good loan is simple.

Just take your business financial income statement to the bank and the bank will give you a loan of $10,000 - 50,000.

Bank will give out loans at good rate.
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Old 02-05-2010, 08:55 AM   #31
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Of course, you have to provide proof that your sales are real - that's where the auditing of your financial statements will come in. Your financial statements will be audited before they take risk of giving you $50,000 loan.
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Old 02-05-2010, 02:23 PM   #32
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I think the issue here is his credit...the bank will still want a strong credit profile on anyone that they give a loan to.
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Old 02-05-2010, 02:55 PM   #33
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I know people, 30%/month. How does it sound?
Sounds like we know some of the same people. However, the new payment plan is 10% for 10 days, 20% for 20 days and 30% for 30 days.
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