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Need a loan?

Author
Julian Huxley
Solomon Bank and Trading Co.
#1 - 2011-09-15 00:30:25 UTC
Need a medium term loan for 100m to 1.5B ISK? If you can deliver collateral to my corporate office (1.0 near jita), I would be happy to provide you with funds.

What collateral we accept:
Just about anything. Ships, minerals, implants, PLEX, BPOs, and just about any other commonly traded good in eve.

How it works:
You send Solomon Bank and Trading Co. an item exchange contract in which you send us the collateral and you receive the loan amount. Then, you do what you wish with the money. Three weeks before the loan ends, I send you a 3-week expiring item exchange contract returning your collateral in exchange for the loan amount + interest. To pay back the loan and get your stuff back, you just accept the contract. If for whatever reason you can't pay back the loan in time, we have a few options: you can extend the loan or liquidate some or all of the collateral. It is always preferable and profitable for me to work something out with you so that you can pay back the loan. The profit I make from the interest is twice the potential profit from liquidating the collateral, so I never want you to default.

Here are our rates, although they may change somewhat depending on the volatility of the specific item(s):

Duration % of collateral % interest
2 week 90% 15%
1 month 90% 20%
2 month 85% 25%


Contact me through eve mail to negotiate a loan.
Julian Huxley
Solomon Bank and Trading Co.
#2 - 2011-09-15 00:32:51 UTC
Reserved
Abdiel Kavash
Deep Core Mining Inc.
Caldari State
#3 - 2011-09-15 07:39:40 UTC
Not to be disrespectful, but your rates are way, way too high for a (nearly) fully collateralized loan of that size. One could easily get even an uncollateralized loan at half that interest rate by just posting on MD with an alt.
Aerilis
Federal Navy Academy
Gallente Federation
#4 - 2011-09-15 10:46:31 UTC
Half? You can get 3%/month loans easily if you have the collateral for it.