Post
Topic
Board Lending
Re: New Loan Site
by
tuckerlee
on 27/09/2011, 23:51:14 UTC
Q. So, if I understand correctly, you will be giving loans to people. Is there any more to your company, or is that all you do?
A. I am also investing is shares, currency, bonds, and/or options (as stated in the contract).

Q. Do you have a business plan?
A. Business plan is Pretty much to pay back all initial investments as soon as possible and operate and a minimal profit margin to gain more customers.

Q. Are you investing money into this, or is all the initial funding coming from the GLBSE IPO?
A. I've invested about 4btc so far, and I'll continue to invest my profits back into the company until profits are made.

Q. How soon and how frequently will you pay dividends? Are any of the profits reinvested in the company?
A. Bit coins are lent out on week long contracts usually, which will allow for monthly dividend payments.

Q. How will you stop people from just taking a loan from you and dissapearing?
A. We do either require 1 form of ID (background check software will be used) or a forum account with 140 posts where we can gather such information from.

Q. Do you give loans for any reason, or do you want a good reason for the loans?
A. We have a criteria:
1. More than 140 posts
2. Been registered for more than 2 months
3. Provide IP Address
4. Active in forum
5. At least 2 or 3 feedback/trades on forum
6. 1 Form of Identification
7. 2 Forms of Identification
Each one is worth 1.5, and either #1 or #2 are required, any loans are given at our discretion and actual amount can vary from the 1.5