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Loan Request - 200 Mil Isk (Starting up trading) - Accepted a loan
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Shamble Lemmont
University of Caille
Gallente Federation
#1 - 2014-05-31 14:05:42 UTC  |  Edited by: Shamble Lemmont
Loan status - accepted, payment due back on 14th june




Requested Loan Terms:

Amount: 200 mil isk
Interest: 15% - 30 mil isk
Total Payback: 230 mil isk
Term: 2 week from receipt
Collateral: None

What I Will Spend It On:

Jita Station Trading

Past Loans:

None - newish to eve - i've played eve previously, due to the time that's past since then i've decided to make a new account when i saw the humble offer

No Collateral? -

No, i own a total of around 70mil goods and in wallet, i'm currently averaging around 20% profit per day so it's safe to say i'm going to be able to pay the full amount back on time.

Other Info:

Due to the obvious higher risk to leaning to a newer character with no collateral i've purposely kept the loan amount low and the interest high in the hope that someone will take a punt on me. Based on a conservative 10% profit per day this loan will be able to accelerate my growth by around 11 to 12 days - this is the reason i am asking for a loan.

If interested on these terms either respond here or send the isk to me in game. I will post here if / when i get a backer.

Thanks
James Tzashi
Sturmgrenadier Inc
Pandemic Horde
#2 - 2014-05-31 14:23:51 UTC
Send me your full api key and ill think about it
Shamble Lemmont
University of Caille
Gallente Federation
#3 - 2014-05-31 15:07:36 UTC
James Tzashi wrote:
Send me your full api key and ill think about it


Sent via mail
Shamble Lemmont
University of Caille
Gallente Federation
#4 - 2014-05-31 21:35:37 UTC
Loan still needed
Isaac Schwartz
Caldari State Venture Capital
#5 - 2014-05-31 21:58:54 UTC
Mail sent
Isaac Schwartz
Caldari State Venture Capital
#6 - 2014-05-31 22:53:11 UTC
Reviewed full API from OP, although Character is young ~7 days there is ample trade activity and facts in the OP check out.

Loan offered at the above rate of 15% for 14 days, completion due on June 14th 2014.

Good luck!
Shamble Lemmont
University of Caille
Gallente Federation
#7 - 2014-05-31 22:54:28 UTC
Isaac Schwartz wrote:
Reviewed full API from OP, although Character is young ~7 days there is ample trade activity and facts in the OP check out.

Loan offered at the above rate of 15% for 14 days, completion due on June 14th 2014.

Good luck!


Loan accepted, will update the original post once receive the loan amount
Paul VonBel
VonBel
#8 - 2014-05-31 23:16:56 UTC  |  Edited by: Paul VonBel
I see it's already been filled, but at 20% per day you should have your 200mil within a week from 70mil, are you not trading for the long term? Are you impatient? Will two weeks of your whole trading career really only be worth 200 million? If, as API verification from Schwartz seems to be the case, you made 70 mil in a week from, presumably, 5000 ISK - why do you need a loan?

I'm going to call bullshit on this one

edit, grammar

Are you a market trader? Do you want to chat with other traders? Then join my ingame chat channel: VonBel Trading
Shamble Lemmont
University of Caille
Gallente Federation
#9 - 2014-06-03 12:26:19 UTC
Paul VonBel wrote:
I see it's already been filled, but at 20% per day you should have your 200mil within a week from 70mil, are you not trading for the long term? Are you impatient? Will two weeks of your whole trading career really only be worth 200 million? If, as API verification from Schwartz seems to be the case, you made 70 mil in a week from, presumably, 5000 ISK - why do you need a loan?

I'm going to call bullshit on this one

edit, grammar


I was able to redeem some items on my account which meant i started with approximately 50mil. But yes i am impatient, my goal is to get my funds upto 1bil after i payback the loan in another 11 days time, currently i'm 62mil ahead of my predictions.
Paul VonBel
VonBel
#10 - 2014-06-03 17:45:40 UTC
Shamble Lemmont wrote:
Paul VonBel wrote:
I see it's already been filled, but at 20% per day you should have your 200mil within a week from 70mil, are you not trading for the long term? Are you impatient? Will two weeks of your whole trading career really only be worth 200 million? If, as API verification from Schwartz seems to be the case, you made 70 mil in a week from, presumably, 5000 ISK - why do you need a loan?

I'm going to call bullshit on this one

edit, grammar


I was able to redeem some items on my account which meant i started with approximately 50mil. But yes i am impatient, my goal is to get my funds upto 1bil after i payback the loan in another 11 days time, currently i'm 62mil ahead of my predictions.


So then in one week from 50 to 70 mil that is about 5% per day, not 20%.

If you borrowed 200 mil and it was paid to you on May 31st then that totalled 270m, if you are 61m ahead of target then, at 20% per day, you should be on about 400 mil now.

Not unbelievable with such small sums of money but nonetheless I'd be interested in learning what items you traded to get this.

Also, I should warn against impatience with trading, head > heart

P

Are you a market trader? Do you want to chat with other traders? Then join my ingame chat channel: VonBel Trading
Shamble Lemmont
University of Caille
Gallente Federation
#11 - 2014-06-03 23:07:45 UTC
So then in one week from 50 to 70 mil that is about 5% per day, not 20%.
- I wanted to do most of the starter missions before i locked myself in a station for awhile, think i spent a few days with that?

If you borrowed 200 mil and it was paid to you on May 31st then that totaled 270m, if you are 61m ahead of target then, at 20% per day, you should be on about 400 mil now.
- correct I was at around 430mil at the start of the day but sold off some riskier items that the price seamed to be dropping to fast for my liking bringing me down to the 400ish mark
Isaac Schwartz
Caldari State Venture Capital
#12 - 2014-06-06 10:07:50 UTC
OP Decided to Repay early, 230M Received this morning.

Loan is completed.
MT