Greetings!
In my previous personal loan request, I mentioned that I'm currently expanding my the business of my studio.
Thanks to biulas, the last loan went out smoothly in the end.
Now as there's a great opportunity for expanding my business, I'd like to ask for a business loan.
I asked for biulas's help on this, and though he has agreed to invest on me, but unfortunately, he has some urgent family matters to handle, and I don't really want to bother him when he is busy, if I can get other angel investors here.
Reason for the loan:
I'm currently running a studio, handling tasks like translation, illustration, art design, programming, etc.
We're doing well at our work, and clients are satisfied with us. However, the biggest problem I'm facing now, is that I always have to pay our members full in advance before they start to work, but most of time I can only get 50% deposit from clients. We're just up and running for about 2yrs, and this kind of question is still bothering me. As the bigger order I can take, the more profit I can make, however, that also means the more advance I have to pay our members.
That was not really a problem, as I can just take less tasks . But recently, as it's near the CNY, some clients who are satisfied with our other works, asking us to make animation for them, like AD or trailer, etc. It's a great business opportunity, as animation is a stable business, and it could make great profit if you have the resource. However, though animation is always the business I'm looking to expand (we mostly take 2D design at this stage), and the pure income after delivery is great, but the upfront cost of setting up an animation team is neither easy or cheap. Here's the simple math:
For a 5 mins 4 characters 3D animation:
Minimum Price: $50/animation sec, $300/characters
($50*60sec*5min)+($300*4characters)=$16200
Cost on my side:
4 members dedicated on this project for 3 months, the salary for them would be around $1000.
$1000*4*3+equipment=$12000+ equipment
So my minimum profit would be around $4000, for 1 single animation project.
I have been always looking to set up a animation, but I just don't have the opportunity and enough cashflow to do this. I also tried getting a loan from bank, but it was no luck, as our country don't really fancy in this industry. And as it's near the CNY, there's a great need of animations, I think it's maybe a good time for me to start.
As it's an important milestone to me, I'm willing to pay higher interests, here's my proposal for the loan:
10 days -> 8%
20 days -> 18%
30 days -> 30%
Depends on your invest amount, the interests is negotiable. You can choose to re-invest again or withdraw after the period is over.
I can take PayPal (which has buyer protection), Skrill and Bitcoin, the repayment methods can be on your favorite.
Please let me know if you have any question, I'll be more than happy to answer.
P.S. Just a little funny story - I'm accepting Bitcoin as a payment method for my client, and I was not expecting there will be many of them using it. But you know what? Now there are 70% of our clients pay us with Bitcoin.