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[Repayed] 2b uncollateralized loan, 12% interest for one month

Author
Bobb Bobbington
Rattini Tribe
Minmatar Fleet Alliance
#1 - 2016-03-04 21:05:22 UTC  |  Edited by: Bobb Bobbington
Background
So, what I do for isk is I bring items out to lowsec and nullsec, and sell them at markup. Nothing unheard of there. I started about 2-3 months ago probably, in a nullsec station, and made something like 2 billion isk profit in a month and a week with about a 5b investment, I don’t really remember how much I started with. After that I put the project on the back burner for a month or so, and sometime during that used skill injectors to gain some more capital. I expanded into faction items to the station before I stopped and they were selling well.

Now, about a little more than a week ago, I set my sights on another station, this time one in lowsec which had less overall population but absolutely nothing on market. When they came in I put them at less markup than at null, because otherwise people could just go to highsec. I’ve made about 245m from that station in 7 days, less than my nullsec station when I was stocking it but I’m hoping profits will increase as people realize there’s a market there.

There’s one problem however, being that there are precious few hulls on market, besides from the faction frigates and a couple svipuls I brought in. So, I bought all the important ship hull BPOs up to cruisers, shipped them out with the items, training refining skills right now, and have bought a fair amount of compressed minerals to be shipped out soon. I’ll only build frigate and destroyer hulls until I can get my refining skills up, however, I’ve run into a road block.

I’ve overexpanded. Although the lowsec station is going okay, I don’t have enough isk currently to make it profitable to send a shipment of items out to the nullsec station, which has run out of the most popular stock and only slowly selling less popular items now. Which leads me to…

What the isk will be used for
I will use this loan not to expand the station I am now just stocking, but as a way to maintain momentum with the nullsec station. Since it usually costs about 150m per public courier trip, I like to wait until I have at 2.5-3b before sending items out to decrease the overall cost of shipping items. However, it’ll be a while before I can build up to that amount again, hence the reason for the loan. I will buy items that have proven to be profitable, and probably won’t explore any more items for the time being. By the end of the month I’ll have made enough isk not to need the loan to maintain momentum.

Plan
1. After I receive the isk, I will use all of it to purchase a load of items, and then ship them out to the nullsec station.
2. Put up the orders, wait.
3. Around the end of week two, basically when I get the isk to make it worth it, I will purchase another load and send it out to the nullsec station. I may also send a load out to the lowsec one if I have the capital.
4. After those shipments I will cease shipping items out, and will begin hoarding isk for when I have to repay this loan
5. Once I've gathered 2.24b isk, repay loan ahead of schedule if it's beneficial to do so, or dip into it slightly if I'm in a position to send out another shipment and still be confident that I will be able to repay the loan on time.

Risks
1. If the nullsec alliance staging from the system in null I’m stocking moves away. This problem can be easily solved, the station is NPC, so I can simply contract a JF service to bring the items back to Jita and sell them, albeit at a loss.
2. The lowsec system is taken over (it’s FW). I can either sell to the enemy, possibly at a larger markup, something which I personally have no objection to, or if I have to, drop corp for a day and have a public courier take it to Jita.
3. I make a market mistake and lose large amounts of isk. If that happens I will sell assets on my pvp character, this character.

There are no risks of losing a hauler, all shipping is done with public courier contracts with 115% collateralization. I use jump clones to go between Jita and where I’m selling usually.

Evidence for what I’ve written
I realize that two billion uncollateralized is a lot to ask for, hence this long ass thing. Anyway, I don’t want to share where I’m selling to all of my competitors, so I won’t be making a public api, however, I can give full APIs to trusted investors on the condition that they verify my statements and post below that what I’m saying is true.


TL;DR
I need the 2b isk to maintain momentum in stocking a nullsec station after expanding too quickly into another station in lowsec. I won’t provide a public API so that competitors don’t swarm the markets, however can provide full APIs to trustworthy investors if they agree to post that my statements above are true. I am actively minimizing risk by using only public courier contracts and making sure I can get the items out. The first month and a week I made about 2 billion isk from about 5b, so I’m hoping to see probably 3b a month once I get everything set.

This is a signature.

It has a 25m signature.

No it's not a cosmic signature.

Probably.

Btw my corp's recruiting.

Makeleth Riatu Solette
The Scope
Gallente Federation
#2 - 2016-03-04 21:21:38 UTC
Mail sent, would like to speak with you first.

Mail me if you'd like some marketing advice or advice in general

Da Apprentice
Retirement Retreat
Working Stiffs
#3 - 2016-03-04 21:39:47 UTC
Provide me API Data to see what you are saying is true and I will fund this.
Da Apprentice
Retirement Retreat
Working Stiffs
#4 - 2016-03-04 22:19:22 UTC
Isk Sent.
Bobb Bobbington
Rattini Tribe
Minmatar Fleet Alliance
#5 - 2016-03-04 22:23:23 UTC
Isk recieved, I shall repay Da Apprentice with 2.24b isk on or before April 4th as agreed.

This is a signature.

It has a 25m signature.

No it's not a cosmic signature.

Probably.

Btw my corp's recruiting.

Bobb Bobbington
Rattini Tribe
Minmatar Fleet Alliance
#6 - 2016-03-27 21:34:26 UTC
Loan repayed a bit early, Da Apprentice was easy to work with and I would suggest him to others.

This is a signature.

It has a 25m signature.

No it's not a cosmic signature.

Probably.

Btw my corp's recruiting.

Da Apprentice
Retirement Retreat
Working Stiffs
#7 - 2016-03-27 21:38:17 UTC
Isk + Interest paid in full, would work with again.