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Author Topic: Looking for 17 - 20 BTC for 12 month term  (Read 642 times)
GWilkiejr (OP)
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May 03, 2014, 04:54:42 PM
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Hello BTC lenders!

I have a need of 17 - 20 BTC for inventory and equipment for my business.  I am employed as a General Manager for a fortune 100 company and have a stable income.  I am also the owner of a local bar and need the BTC to purchase additional inventory and machinery there. 

Upon request from a reputable lender I will provide references, articles of incorporation for business, verified address, check stubs, or any other relevant information.

I am using this process instead of traditional lenders because of a few points... #1) The SBA is a complete joke.  #2) The vast majority of business loans require you to be in business for at least 1 year.  #3)  The other products available to you might as well be considered rape.  #4) I'd rather participate in the BTC community than get raped. (because I love BTC anyway)

My terms are that I will begin repayment of loan at the 30 day mark.  I am willing to pay 12-15% APR calculated monthly.  As far as collateral is concerned.  I do have a few altcoins that I could put up, as well as, various electronic items including: Ipad, surface 2, etc.  I also have some rare silver coins from the 1800's if necessary.  Lastly I have over 20k in stock of my company that I do not want to sell, and am not willing to do so, but it could be used as collateral for this loan. 

Please PM me to discuss terms and details.  Once solidified we can post terms publicly as well as transaction ID's.  Thank you.

-Gerald
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May 03, 2014, 06:34:16 PM
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You are also a newbie. Since you have all you documentations and stuff and no collateral, have you tries BTCJam? They run a background check on you and if you pass their tests, they let you aks a loan to the other members who signed up to lend. You wont have any luck getting anything here without collateral.

Pinkcoin Donations Address ---> PINK: PB9TmJXZTqzLroz9cLzCQe2cNWzEwJeq5g | BTC: 14Yxxxxko19qtLi3k2yvtWQ54vSQg2mLjB <---
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GWilkiejr (OP)
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May 03, 2014, 09:12:57 PM
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Since when is silver and sock not collateral?   Perhaps you just didn't read the post?
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May 03, 2014, 09:23:31 PM
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Since when is silver and sock not collateral?   Perhaps you just didn't read the post?

Your stock can't be used as collateral, as you said you don't want to sell it. 

You'd have to mail the silver to the lender before you received any coins.

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GWilkiejr (OP)
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May 03, 2014, 10:11:10 PM
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Gentlemen - Forgive me for not clarifying, as I used to be a broker, and I assumed that lenders would be aware that stock can be transferred or assigned to new owners without it being sold.  This is commonplace when utilizing a security as collateral for a loan. 
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May 04, 2014, 02:28:46 AM
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Since when is silver and sock not collateral?   Perhaps you just didn't read the post?

Your stock can't be used as collateral, as you said you don't want to sell it. 

You'd have to mail the silver to the lender before you received any coins.

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GWilkiejr (OP)
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May 04, 2014, 01:17:19 PM
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So again my request stands pledging an assignment of my stock to the lender.  If Vod is unaware of how the finance world works perhaps he should ask questions or perhaps refrain from comments.  While your steadfast work to root out scammers is appreciated your overzealous assumptions are not.  At any rate - I would prefer if active lenders were to weigh in at this point with offers.  Just for your reference I have attached a sample assignment form from the sec web site, and a link to my google drive where you can review a screen cap of my fidelity positions.  I included the time and date stamp on the screen cap as well.   Thank you.

http://www.sec.gov/Archives/edgar/containers/fix390/1504747/000119312512060502/d283497dex993.htm

https://drive.google.com/file/d/0B1QYUo9oe-ZxbFBkdndSOHZ4QTQ/edit?usp=sharing
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May 04, 2014, 05:36:50 PM
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So again my request stands pledging an assignment of my stock to the lender.  If Vod is unaware of how the finance world works perhaps he should ask questions or perhaps refrain from comments.

You didn't notice that I did that?

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GWilkiejr (OP)
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May 04, 2014, 07:27:14 PM
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BTW - I took at a look at BTCJam also - This site looks great.  Thank you for pointing me here.  I am in the process of being verified there as well.  I am still open to any posters here while working with BTCJam.  Thanks. 

-Gerald
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