My post regards 2 similar but seperate questions,
I'm starting a mining farm, and walked into a Chase bank and asked to open a business bank account. In the description, I just quite honestly put "Bitcoin mining and data processing". Their representative then checked the "Prohibited Businesses" reference, and there it was at the bottom: "Virtual Currency Business (eg. Bitcoin)" was one of the items. I'm kind of amazed that they clustered literally all "virtual currency" businesses as prohibited, but anyway, this brings me to my question: In operating a decent sized mining farm, I am going to be in need of a bank account to make payments to the decent sized electricity bill, how should I go about obtaining an account, or otherwise pay the electricity bill?
Part 2 of my question is, I would like to obtain a business startup loan, anywhere between $10,000 - $100,000. Where might I be able to find that? Considering simply having a bank account dealing in virtual currencies are prohibited at Chase, and I assume other major banks, I'm guessing they would not be willing to hand out loans for such businesses as well.
By the way, are there other major banks that do not prohibit bitcoin-related business?
Thanks for any advice.
Topic: USA Mining Business Bank Account & Sources for Loans (Read 126 times)
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