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.

Good luck champ.

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.

try prosper.com

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.

My credit isn't the greatest.

what domains are you thinking of as collateral?

$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.

come on icq and ill tell you.

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!!!

try this http://domaincapital.com/services.html

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

I smell fish lurking around this thread.

And, that happens for a reason (usually the credit holder's stupidity). :thumbsup

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%...

I think you answered your own question.:(

You can try these guys Digital Pawnbroker

:2 cents:

Thanks for the prosper.com link! Maybe I will type up some drunken business plans and get some cash.

Share your secrets with me, we'll sell the same and sell you stock on credit.

[email protected]

Edit: not in the same market as you obviously;)

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.

Email the domains you intent use as collateral.
In the email, refer to needing a loan and specify the amount.

I know people, 30%/month. How does it sound? :pimp

Def give Gregg at Domaincapital a call. If you have some good names you can get cash real fast.

Any luck finding a loan?

Contact Rick Latona @ digipawn.com

Yep Rick is another good guy to contact.

How do you guys structure your loans?

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.

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.

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.

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.