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Author Topic: Line of Credit against Equipment  (Read 63 times)
rockytide
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April 05, 2018, 04:35:14 PM
 #1

I hope this is in the right section.....  We are looking for a $10 Million line of credit that will be collateralized by $20 Million worth of the latest currently owned mining hardware.

Does anyone know of any private or semi-private lending options?  Are there any funds loaning in this space?  We have always self-funded but want to accelerate our growth.

Any advice or referrals would be appreciated!
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condoras
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April 07, 2018, 09:39:53 AM
 #2

I hope this is in the right section.....  We are looking for a $10 Million line of credit that will be collateralized by $20 Million worth of the latest currently owned mining hardware.

Does anyone know of any private or semi-private lending options?  Are there any funds loaning in this space?  We have always self-funded but want to accelerate our growth.

Any advice or referrals would be appreciated!

If you want this amount and you have the equipment that you say that you have, why don't you go to a bank and get a corp/business/company loan?
You just come here and ask a enormous amount to borrow, without any proofs that you own this mining hardware.
You are a true genius... Empty words from thin air, blah blah blah...











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PRESALE
FEBRUARY 23










rockytide
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April 07, 2018, 04:44:30 PM
 #3

I hope this is in the right section.....  We are looking for a $10 Million line of credit that will be collateralized by $20 Million worth of the latest currently owned mining hardware.

Does anyone know of any private or semi-private lending options?  Are there any funds loaning in this space?  We have always self-funded but want to accelerate our growth.

Any advice or referrals would be appreciated!

If you want this amount and you have the equipment that you say that you have, why don't you go to a bank and get a corp/business/company loan?
You just come here and ask a enormous amount to borrow, without any proofs that you own this mining hardware.
You are a true genius... Empty words from thin air, blah blah blah...

@condoras - off your meds today?  Why would I post proof of ownership in a forum?  "Empty words from this air"Huh  Don't be a prick.  I thought this was "bitcointalk"...  We went to local banks and no one has an appetite for mining hardware.  THIS is why I'm asking on a forum if anyone knows of a lender who we could get a full financial packet to.
Next time why don't you ask some substantive questions before you make yourself look like an idiot.
Entropy-uc
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April 07, 2018, 06:38:07 PM
 #4

I hope this is in the right section.....  We are looking for a $10 Million line of credit that will be collateralized by $20 Million worth of the latest currently owned mining hardware.

Does anyone know of any private or semi-private lending options?  Are there any funds loaning in this space?  We have always self-funded but want to accelerate our growth.

Any advice or referrals would be appreciated!

Considering that Bitmain has dropped prices on new hardware over 75% in some cases, why would you imagine someone would finance your used gear at 50% of the new value?

Hashing hardware is essentially worthless after 24 months due to the technology cycle.
rockytide
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April 08, 2018, 06:45:28 PM
 #5

I hope this is in the right section.....  We are looking for a $10 Million line of credit that will be collateralized by $20 Million worth of the latest currently owned mining hardware.

Does anyone know of any private or semi-private lending options?  Are there any funds loaning in this space?  We have always self-funded but want to accelerate our growth.

Any advice or referrals would be appreciated!

Considering that Bitmain has dropped prices on new hardware over 75% in some cases, why would you imagine someone would finance your used gear at 50% of the new value?

Hashing hardware is essentially worthless after 24 months due to the technology cycle.

It's brand new hardware.

ya know, this little forum is very disappointing... It seems it's just full of a bunch of negative, judgemental people.  I thought bitcoin early adopters would be a lot more helpful, optimistic and kind.  None of the negative responders have taken any effort to understand what I'm actually asking for.  Forgive me for having thought this might be a "community" instead of a mob.
condoras
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April 09, 2018, 10:15:33 AM
 #6

I hope this is in the right section.....  We are looking for a $10 Million line of credit that will be collateralized by $20 Million worth of the latest currently owned mining hardware.

Does anyone know of any private or semi-private lending options?  Are there any funds loaning in this space?  We have always self-funded but want to accelerate our growth.

Any advice or referrals would be appreciated!

If you want this amount and you have the equipment that you say that you have, why don't you go to a bank and get a corp/business/company loan?
You just come here and ask a enormous amount to borrow, without any proofs that you own this mining hardware.
You are a true genius... Empty words from thin air, blah blah blah...

@condoras - off your meds today?  Why would I post proof of ownership in a forum?  "Empty words from this air"Huh  Don't be a prick.  I thought this was "bitcointalk"...  We went to local banks and no one has an appetite for mining hardware.  THIS is why I'm asking on a forum if anyone knows of a lender who we could get a full financial packet to.
Next time why don't you ask some substantive questions before you make yourself look like an idiot.

If i look like an idiot then how you look?! A random newbie smartass with his head above the air, nothing new to us. Cheesy
You are more than pathetic to come here without proving that you own anything and ask a 10$mil, like it's candies!
I'm not surprised that none of the banks have interest to your project and your 20$mil equipment, why should they after all? I even dought that you pass their door in the lobby.
A total stranger comes here and through words full of nothing. You dodn't even know where to post a loan request...

It's brand new hardware.

You know the word proof?

ya know, this little forum is very disappointing... It seems it's just full of a bunch of negative, judgemental people.  I thought bitcoin early adopters would be a lot more helpful, optimistic and kind.  None of the negative responders have taken any effort to understand what I'm actually asking for.  Forgive me for having thought this might be a "community" instead of a mob.

Oh so now we are a little forum with members that don't understand what you say (lmao) and you want from them 10$mil... Roll Eyes
Do you have any other genius around or you are the one in the kind?
If we are the mob and all the craps that you say, make something simple. Lock this bs Thread of yours and take a hike!

P.S: No (proven) Collateral=No Loan. Enjoy!











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PRESALE
FEBRUARY 23










rockytide
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April 09, 2018, 01:54:26 PM
 #7

I hope this is in the right section.....  We are looking for a $10 Million line of credit that will be collateralized by $20 Million worth of the latest currently owned mining hardware.

Does anyone know of any private or semi-private lending options?  Are there any funds loaning in this space?  We have always self-funded but want to accelerate our growth.

Any advice or referrals would be appreciated!

If you want this amount and you have the equipment that you say that you have, why don't you go to a bank and get a corp/business/company loan?
You just come here and ask a enormous amount to borrow, without any proofs that you own this mining hardware.
You are a true genius... Empty words from thin air, blah blah blah...

@condoras - off your meds today?  Why would I post proof of ownership in a forum?  "Empty words from this air"Huh  Don't be a prick.  I thought this was "bitcointalk"...  We went to local banks and no one has an appetite for mining hardware.  THIS is why I'm asking on a forum if anyone knows of a lender who we could get a full financial packet to.
Next time why don't you ask some substantive questions before you make yourself look like an idiot.

If i look like an idiot then how you look?! A random newbie smartass with his head above the air, nothing new to us. Cheesy
You are more than pathetic to come here without proving that you own anything and ask a 10$mil, like it's candies!
I'm not surprised that none of the banks have interest to your project and your 20$mil equipment, why should they after all? I even dought that you pass their door in the lobby.
A total stranger comes here and through words full of nothing. You dodn't even know where to post a loan request...

It's brand new hardware.

You know the word proof?

ya know, this little forum is very disappointing... It seems it's just full of a bunch of negative, judgemental people.  I thought bitcoin early adopters would be a lot more helpful, optimistic and kind.  None of the negative responders have taken any effort to understand what I'm actually asking for.  Forgive me for having thought this might be a "community" instead of a mob.

Oh so now we are a little forum with members that don't understand what you say (lmao) and you want from them 10$mil... Roll Eyes
Do you have any other genius around or you are the one in the kind?
If we are the mob and all the craps that you say, make something simple. Lock this bs Thread of yours and take a hike!

P.S: No (proven) Collateral=No Loan. Enjoy!


Have you ever got in an argument with a millennial and then realized just how ridiculous, and what a massive waste of time it was?  Yeah, that's this conversation :'D

For the record (I don't even know why I'm giving you the respect of a reply), I was never asking you or anyone on this forum for a loan.  I asked "Does anyone know of any"....So you've never gone on social media and asked your friends.. "does anyone know a good HVAC, mortgage, pest control..  guy?"?  Ever heard of Angie's List where people go for REFERRALS?

Best of luck with your "Hero Member" status.  I'm sure your life is very fulfilling, sitting in your mom's basement on a computer (obviously drinking), and giving worthless answers on your forums.    Have fun.
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