trade Getting a Loan on Your Domain Names? - Help

[EASYPICKINGS]

Hello, I wanted to know if anyone had advice or input on getting a loan on my domain names. I submitted an application where I feel like I just signed away 15 of my best names for $4200 USD that I need as working capital for a business I have, but I am waiting to get approved, waiting to find out what the interest rate is, and I specified I wanted to pay it back in 3 months.

Has anyone had success going through with this type of digital asset financing, and what should I know?

 

[EASYPICKINGS]

Would appreciate some answers thanks!

 

[Joe N]

I've never done this, and never read about it, but I'd be very surprised to learn that a financial institution would be willing to loan money out with domain names as collateral. The names would need to have easily verifiable liquid value for the bank/loaner to guarantee that they could recoup their money.

Let us know how it goes.

 

[ultradog]

Banks don't do it. It's more like pawn shop business. In fact, the earliest person I knew of lending money for domains you already own was a pawnshop owner in Florida.

 

[Dave]

@Rob Monster's Epik offers this service.

https://www.epik.com/domain/loans/

Thanks

 

[Mister Funsky]

Yep, check out epik...they are the only 'lenders' I would do a loan with.

 

[bmugford]

I've never done this, and never read about it, but I'd be very surprised to learn that a financial institution would be willing to loan money out with domain names as collateral. The names would need to have easily verifiable liquid value for the bank/loaner to guarantee that they could recoup their money.

Let us know how it goes.

Right. No established financial institution is going to make a loan on a domain.

You might be able to get a loan or line of credit based on the finances of your business that deals in domains, but not on the domains themselves.

Brad

 

[EASYPICKINGS]

Yeah I am looking for someone here to give me a $2k-$4k loan at 20% interest for only 3 months via PayPal so they can simply reverse the payment worst comes to worst. I would pay $5k back in three months for $4k, and an Escrow Broker would hold onto my names as collateral.

 

[OnlineBusiness.com]

not sure who you used but I have used https://www.lendvo.com/ in the past and it worked out well.

 

[EASYPICKINGS]

Still nothing people!

 

[Kai W.]

I really want to know about this business, but I don't know if the financial institution recognizes the domain name mortgage. Moreover, I think the 20% interest rate is no different from the monster.

 

[Kai W.]

In the true sense of "mortgage" loans, the interest rate will not exceed 10%