Topic: ★ ★ ★ LENDING ► CONDORAS SERVICE ◄ ESCROW ★ ★ ★ - page 91. (Read 138195 times)

Loan Amount: 0.1
Reason: Personal  
BTC Address: 13DHU877EnKy8uvCg2NSWNcSPhdCuMuLLz    
Term Length: 20 days (on or before Jan 16, 2017)
Repayment: 0.117 (escrow included)

Message signed using: 1i85KURjwNd65UE579ThzSD4GzxVUtGFV



Like discussed Loan Shark is the escrow and I would be able to access this account through remote desktop client and like the previous loan this also would be repaid in partial installments. Thank you

-----BEGIN BITCOIN SIGNED MESSAGE-----
December 28, 2016 (Forum Time)

I, Lone Shark, confirm that the hero account of Krishnapramod is in my possession and I have issued Remote Desktop access to the account. I tagged the account as in my possession and the owner has access to it through RDP.

I am not acting as a traditional escrow agent. I am the escrow agent for the purposes of providing the borrower access to his collateral even if it is secured. All terms of the loan are beyond my control and both the lender and borrower has only contracted and agreed to my service.

Please be advised!
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Loan Amount: 95 BTC
Reason: Want to increase advertising budget for my health supplement business by using my auto insurance lead generation site as leverage. I am asking for this loan as the following weeks are ripe for weight loss products due to new years resolutions.
BTC Address: 14kp7xrGr4jKchgGLt8PZ2H11obpS2gFhY
Term Length: 20 days after loan approved. Will edit after loan approved with the exact date. (It needs to be this way so I have plenty of time to advertise and get the ROI).
Repayment: 110.20 BTC
Collateral: For collateral, I will be giving the OP full ownership of the auto insurance lead generation site while I, royserpa, pay for all the fees needed to change ownership. This is not a sale but I am leveraging my auto insurance lead generation business to have a bigger loan that I wouldn't have otherwise.

Now, for the business details:

The domain: http://cars-insurances.com
The current annual revenue: $320,864 USD
The current annual expenses: $128,272 USD

What's the business about?

It's about lead brokering. We generate (and buy from other sources) leads that are interested in auto insurance and then we sell them to several auto insurance brokers.

The business was started in 2015.
The business is currently being sold at Latonas.com (link: https://latonas.com/websites-for-sale/cars-insurances-com) though I would like to use it as a leverage to get a loan before it is actually sold.

Why am I asking for the loan?

Well, the profit generated in 2016 was mainly used to start other projects, including the health supplement business, which is the one that advertising will be bought with the loan.

When going to the bank, I was offered only $25,000 USD. An amount that is not what I am looking for, as I currently have $25,000 USD that are going to be invested in the health supplement business. So, instead of going to a bank, I decided to leverage my auto insurance lead generation business to get a bigger loan.

Few questions: Would you be able to extend your loan term to a couple of weeks more? Also, if you would like to proceed, can we do the domain transfer through PM? I would like to handle the transfer privately as sensitive information will be shared.

Anyway, please let me know what you think.

Thanks!

PS: By the way, the usual collateral has a value of 120% more than the loan, and in this case, the collateral has a value of more than 160% the loan asked. This is, for the sole reason that OP can have more leverage on this as this is a big transaction.