Bitcoin Forum

Economy => Lending => Topic started by: Lawrenzoo on July 22, 2019, 04:39:17 AM



Title: business loan needed
Post by: Lawrenzoo on July 22, 2019, 04:39:17 AM
Hello, i do not know if it is possible to have a loan of 3 btc for business, and i am willing to be offering the lender 5 percent of the company profit on a monthly basis for the next 3 years while i also pay the loan back in full.


Title: Re: business loan needed
Post by: suchmoon on July 22, 2019, 11:50:28 AM
No.


Title: Re: business loan needed
Post by: DireWolfM14 on July 22, 2019, 02:01:39 PM
Hello, i do not know if it is possible to have a loan of 3 btc for business, and i am willing to be offering the lender 5 percent of the company profit on a monthly basis for the next 3 years while i also pay the loan back in full.

That's not how cryptocurrency loans work.  Until legal and contractual gaps between crypto and fiat are closed you're not likely to get a loan with a business contract as a guarantee.  Try a bank or local "Hard-Money" loan broker.


Title: Re: business loan needed
Post by: Alone055 on July 31, 2019, 04:33:11 PM
i am willing to be offering the lender 5 percent of the company profit on a monthly basis for the next 3 years

What if the company goes towards loss and earns no profit? How will you repay the loan itself then, excluding the extra profits you are offering along with it?