Topic: Loan requested - Business startup - page 6. (Read 4592 times)

awesome thanks!  You probably spoke to Sandra from the Nail Salon.  They are good people!

We need one more inspection before we open.  We are expecting to be open by the end of this week!

We had hoped to put the sign up before we open.
But it will have to wait.  We spent SOOOO much on the fine details and the inventory, that we came up a bit short.

Thanks for your support!   We intend on educating the public first hand on the benefits of accepting bitcoin.
We intend on funding a Bitcoin conference in South East Idaho in January 2015!!

Much love!

When do you expect to open?

I just called one of the your neighbouring shops, they confirmed your business exists however is not yet open and that you've been setting up for roughly the past month. I think she was also weirded out someone from the other side of the world called, soz

Happy to invest 0.5-1BTC through btcjam at this stage.

You are almost certainly not going to get a $30,000 loan here period. You will also not get a 8 BTC loan without collateral with your trust (or lack thereof)

I don't have alt coins, or anything simple for collateral.   However, I have a debt free deed to a 5plex that I own and live in.  I also have vehicle titles.    I really hate doing that, because it's a pain in the ass.  But I would accept a lien.   But if we did it that way, the loan would have to be much larger.  I could use $30,000. 

But I have a B+ rating on BTCJam, and this isn't a very large loan, so I thought I would give it a try.

collateral?

My last loan expired.  I should have ran it for more than 3 days.  
So my new loan offer is up on BTCJam now, and I have it running for two weeks.
We did get 13 interested investors on the last offering.  But I feel I did not run the offering for long enough.
Since then, my rating has improved on BTCJam from a B+ to an A-.  
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Description

Please see my pitch video for this crowd funding event.

https://www.youtube.com/watch?v=oH5-z8QVjsc

(I realize that I am not a great videotographer, fortunately that is not the type of business that I am starting. Sorry about the shaky camera)


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Loan Purpose
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We are starting a new vapor store selling eliquid and ecigarettes.  We have everything ready, and we are opening on October 6th 2014.   We have rent/utilities/insurance covered indefinitely, even if sales are slow.  What we need crowd funding for, is operating capital for buying a sign, and making a few more small improvements.    The sign is critical.  
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Security & Contingency Plan
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We own real estate that pays all of our month to month bills.   We won't have any problem keeping this business going during the beginning phases until it is profitable.   If we need to pull some money out of our real estate we can at anytime.  However it makes $2150 gross per month or $1700 net  (and it is for sale, and we can accept coin)

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Q&A
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- What is the primary purpose of this loan?
We are getting some finishing touches done to our store, including a backlit channel lettering sign for the top of the building.
We are opening on October 6th 2014

-How long do you need the loan?
This loan will be repaid in 90 days.
- Why is the price linked to USD?
I don't mean to break bitcoin loyalty or anything, but I think that the USD poses a more steady value to be held for a longer term loan like this.
- Do you have contact information?
I have my profile linked to my sellers accounts and my social media accounts. You are encourage to do your due diligence and see my stellar reputation for yourself.  My bitcointalk, and my BTCJam user ID is:   SLU2
If you would like to see the store for yourself, our address is  4100 Yellowstone Ave. Suite B, Pocatello Idaho 83202
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Payment Terms
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I will repay the loan as per the payment plan that BTCJam.com designs when the loan is created.

This is what BTCJam has setup for the repayment
Loan Calculator

Amount
   $5000 USD  -- approximately ฿13.14643  (may be more or less depending on the price of BTC)
Number of payments
   3
Payments of
   5.08285647


This is a short term 90 day loan.   I have reserves for our business to operate, and I have rent/utilities/insurance all covered indefinitely.   I just need a little operating capital while we get this place going.

Ref:

Loan offering; https://www.btcjam.com/listings/24011-operating-capital-for-a-new-profitable-retail-store--

Pitch Video;  https://www.youtube.com/watch?v=oH5-z8QVjsc

This is the sign that we are getting built.  It's black acrylic and its backlit.

http://www.clovisstar.com/wp-content/uploads/2014/09/clovisstar_Sign.png

This is the graphical mockup of what the sign will look like.

http://www.clovisstar.com/wp-content/uploads/2014/09/CLOVISSTAR.gif

My BTCJam user is the same as Bitcointalk;   SLU2