Posting to confirm that Bantam Dev (team) has received the BNT collateral I owed and has also sent out the loan of 0.2 BTC which I quickly received.

https://blockchain.info/address/1Db1odtcss3q4dytjBpSYQAfnf5DS7iuqS

Thanks Bantam dev. I hope this helps show people more or less how this would work and also so that we can find ways to improve upon it moving forward.

One thing: Let me know where payments will have to be sent.