You can try to borrow on whatever terms are acceptable to you, but I think the interest you are offering is too low. If someone was willing to lend at 2%/year, they might go to Bankrate CD rates, and see FDIC insured banks offering 2.80% APY for a one year CD, and the lender would have virtually zero counter-party risk. It is up to individual traders to price their own risk, but I would price in something more than a 2% discount for having to account for the risk of whoever I am dealing with running away with my money.