I have recently decided to finish a major project that I temporarily put on hold in order to focus on some other ECC projects. This project is Very costly and as mentioned is a major project. Doing a rough estimation of the money required to complete the project, I came up with roughly 11-12 million. I was a little shocked and double checked my math. The numbers are right, or at least in the ball park. Currently I have around 4 million in liquid capital, meaning cash and items that I can do /sell hand on. So this all leaves me needing 7-8 million. I’m not seeking a loan for the full amount but instead I am seeking a loan of 5-6 million. I’m flexible on payback terms and rates. I’m also willing to do smaller loans instead of 1 lump sum. The good thing is I’m a ECC Sponsor who is insured, as far I know the insured part means that if something was to happen and I didn’t pay you back then Andrew would pay you. Someone correct me if I’m wrong. This means that you literally have 0 liability doing loans with me. Feel free to PM me on forums with terms if you are willing to loan or have questions. Naturally due to the amount of this loan I would want an extended payback period as to not over extend myself making payments. If I don’t get any good offers I will simply sell my star tools to fund the project.
The Austro-Aurora United Bank is interested, but I will have to think on this. I cannot give the full amount because I will not go against my regulations, but I will look into it.
Thanks @Mysticgoli123 and @_Royal_Vulpes_ I will send you both PMs. Also to clarify some questions that have came up so far. What star tools do you have? Looting Sword Melon Sword Fishing Rod Eff7 pickaxe Efff 10 axe When do you want this money? I will deplete most of my personal cash first, then utilize the loans. So I would estimate needing the additional money in 7-10 days. Can you pay it back in a week? While I will be making weekly payments, I don’t think it’s wise to borrow money for a large project such as this and pay back some of the loans fully within a week. Is this a serious loan request? If so why not just got to royal? It is serious and I didn’t go straight to him because I know he has loan limits and I wanted to give as many people a chance to be involved as possible. How could you need 12 million? Easily actually. I have allotted over 5 million for materials, over 2 million for our sourced labor. The additional 4-5 million is needed for the following, town expansions, town features, working capital, and a 10% Saftey buffer for anything that was missed. Will you scam me? Just look at my history. As far as I know, I have never even had a compliant filled against me.
Though you may have a clean record, @blgordon, it is still for our best interests we will not loan too much. Remember VOECC
@_Royal_Vulpes_ sorry for the vagueness on terms. Naturally the lenders are the ones with the money so I wanted to see what kind of terms they would be offering. I’m open to different payback terms since some people might be ok with 1 month and others 3. I agree about not loaning to much, debt can be a slippery slope. Loans will always have some risk associated with them. I also will not take a loan with terms I don’t feel comfortable doing or that I feel will over extend me.
I can offer up a million or so, depending on if i get certain payments back soon, let me know if that works and we can talk payment amount and length!
