Bitcoin Forum

One of my clients didn't follow through with payment, and I am in urgent need of money to fill Payroll for tomorrow.

All of my easily accessibly BTC is tied up in CoinLenders (see picture - http://imgur.com/9WGRHGO - I have 406 BTC freed up by 26th of August, 2013)

I have already contacted CoinLenders to see if anything can be worked out for a 4 day loan, but in case that does not follow through I am looking for alternatives.

I am willing to pay 3% for this 4 day loan and would be willing to have my CoinLenders account LOCKED till the money is paid back (would require CoinLenders to allow me to pay back 154.5 BTC to the lending party).

If you are interested and can prove you would be able to finance this loan, I will send all required documents - Passport, Drivers License, etc.

Thank You,
Varun Jain

Is TradeFortress willing to facilitate the account locking and essentially act as escrow/collateral holder for this?

Coinlenders is your only choice since you have collateral with them.

I wanted to add that putting payroll money in a place you can easily lose it at any time is idiotic.  Do your employees know you are gambling with their money?

It's my Personal money which I am "gambling" with. I do not have access to company funds, nor would I ever take funds from the company to do so.

I am looking at providing a 0% interest loan to the company.

EDIT: I am also not even the owner, just someone who has a stake in seeing the company succeed.

Have you PMed TradeFortress?  Would have thought he'd jump at the offer as he holds more funds of yours than you need.

If, for some reason (e.g. all his funds tied up) he can't/won't give you the loan but is willing to lock one of your large CDs as collateral then I could do the loan.  I wouldn't need to see documents (as there'd be collateral) and I assume you don't need proof I have 150 BTC.

EDIT: To be clear I have zero interest in (or intention of) lending without locked-down collateral.

Message removed :3