?Buy Here, Borrow Here ?? Turns Auction Sellers Into Lenders
(ContentDesk) September 18, 2005 -- Retailers realized that they could make as much lending money on the refrigerator as they could in selling the refrigerator.
Online action sellers now have that same profit channel through Duck9 http://www.duck9.com "There's a gap in eBay financing that ranges from $100 to $10,000," says Duck9.com founder Larry Chiang.
"Currently, other options all involve a third party such as Capital One or HSBC and they only apply to car loans.
Now with Duck9.com, sellers can simply load up terms and make it easy to borrow with "one click financing?", Chiang pointed out.Duck9 is a new platform enabling easy seller financing.
eBay has a gap where sellers can not sell using traditional payment acceptance.Buyers have more protection through Duck9 compared to a cash transaction- under Duck9's agreement and in compliance with FCRA (Fair Credit Reporting Act).Sellers get a duck9 "Buy Here Borrow Here ?"logo and specify down payment percentage, APR and term length.
Also on the site is an easy to understand "disclosure box".Duck9 ratings.Both the buyers and the seller will have Duck9 ratings.
These will be transparent to the public.
These ratings are similar to eBay ratings.Duck9 fees for Auction Sellers.No fee guarantee.
The Duck9 website proclaims, "We get paid, when you do."
Hmmm, given the frenzy this news may cause, I have an idea: selling my golf clubs that are collecting dust in the garage.So please send a $50 check. You're good for the $20 a month for the next six months right?!About Duck9.com: as the originator of peer to peer lending, Duck9 gives consumers the option to borrow from other consumers.
Banking is bureaucratic.
Duck9 bypasses red-tape.
Seller financing by Duck9 was the first to introduce "1-click financing"? and "Buy Here, Borrow Here"? within online auctions, Internet merchants and general e-cash transactions.
Duck9 provides billing, collection and customer service.Larry Chiang650-283-8008.
Meeting the Balance of Agricultural Financing
Agriculture loan guaranteesFor better understanding of the agricultural loan guarantee is the best to start with an example: if one child get the loan amount reduced, the guarantors will make the same agreement for the full loan amount. Although loan guarantee isn't so cheap so here is where the agricultural financing takes action, by paying a part of the fee to the investiture bank.Assets on balance sheet In the time of the agriculture financing crisis from 1980s, all the producers wanted to know if the assets from the balance sheet were only loan security, with all that the property had hadn't a security interest. The answer was no because the lender hadn't include the property to a collateral farm loan. For the personal property it is needed to sign a security agreement, pledging the personal property to a collateral farm loan of the agriculture financing. Optionally, the lender can fill an agriculture financing statement that is a list of all the security agreements.
It is...
Meeting the Balance of Agricultural Financing
Financing > Meeting the Balance of Agricultural Financing
Gulf International Bank Group as Acquired US $ 3.65 Billion Aircraft Finance Debt Portfolio
Gulf International Bank Group as successfully completed the acquisition of US $ 3.65 Billion aircraft finance debt portfolio consisting of both cargo and commercial aircraft financed to Virgin Atlantic, British Airways, Air France, Lufthansa from leading German and Swiss banks. The GIB Group is a leading finance company based in Bahrain and Dubai, U.A.E. with assets of more than US $70 Billion. Aircraft assets will be managed by Gulf Aviation International Ltd. a Philadelphia, U.S.A.
based wholly owned subsidiary of
Gulf International Bank Group.Gulf International Bank Group "GIB Group" is a privately held finance company based in Bahrain and Dubai, U.A.E. The GIB Group was founded in 1965 by local investors looking to invest in diverse sectors like Air transport, cargo and heavy industrial equipment transport, Equipment financing, Real Estate and Project financing, Shipping and Marine finance, Telecommunication, Infrastructure development, and Health care finance and...
Financing > Gulf International Bank Group as Acquired US $ 3.65 Billion Aircraft Finance Debt Portfolio
How to Finance a Business
How to finance a business is one of the main concerns that every new business person has to resolve. There are two main ways of financing a business, equity financing and debt financing.The majority of start-up or small businesses use limited equity financing. As with debt financing, additional equity often comes from non-professional investors such as friends, relatives or colleagues.However, the most common source of professional equity funding comes from venture capitalists. These are institutional risk takers and may be groups of wealthy individuals or major financial institutions. Most specialise in one or a few closely related industries.
Venture capitalists are often seen as deep-pocketed financial benefactors looking for start-ups in which to invest their money, but they most often prefer three-to-five-year old companies with the potential to become major regional or national concerns which will return higher-than-average profits. Venture capitalists may scrutinise thousands...
How to Finance a Business
Financing > How to Finance a Business
Financing Sources and Types to Ensure Successful
Money is of extreme importance nowadays. Almost everything that we do involves money. The same is true if one wants to venture into business or buy a home which is one of the basic needs for survival. Financing or supplying of funds in business is a must to make it grow and achieve the desired expected profit (together with the right planning and managing). Common mistakes encountered by new entrepreneurs are wrong financing sources, underestimated amount needed for capital and inflexible financing types.
These problems however can be prevented by careful planning and analysis of the various factors involved in starting a business. In general, business people can choose from the two types of financing, the debt and equity financing. Equity financing is the type commonly used by small or growth stage entrepreneurs. The sources for this type involves the center of influence that trusts the entrepreneur, such as friends, relatives, family members and other people interested in investing...
Financing Sources and Types to Ensure Successful
Financing > Financing Sources and Types to Ensure Successful
Can I Sell My Private Mortgage Notes?
In this country millions of homes are sold every year. In most cases buyers go to a bank or finance company to seek mortgage financing. In some cases, 200,000 in the U.S., home buyers rely on the seller rather than a financial institution to provide financing because:? The purchaser may not qualify for a traditional mortgage.? The purchaser may be a relative looking to save on closing fees.? The seller may be interested in having a long-term income stream.Often the seller is pressured into providing financing for the purchaser instead of receiving a lump sum. This forces the seller to assume the role of a mortgage company, worrying about servicing and collecting a monthly income stream. A stream, which may or may not be consistent, depends on the payer's ability to meet their monthly obligations.
Peacock Capital provides an option to note holders nationwide who are ready to sell their homes and use the equity for their own purposes. We will purchase the note for a lump sum and...
Can I Sell My Private Mortgage Notes?
Financing > Can I Sell My Private Mortgage Notes?
RV Loan Mistakes That You Must Avoid
Deciding which motorhome or RV to buy often is only part of the buying process at hand. Actually, more money can be lost on making the financing arrangements than almost anywhere else in the deal. If you have the money to pay cash for a motorhome, then financing isn't even an issue, but with the rising cost of new and even used RVs, motorhome loans are a necessary part of the sale for many.
There are some mistakes that are commonly made that can cost you dearly if you don't take steps to avoid them and here they are:
1. Don't focus on the monthly payment figure alone to determine if you can afford a particular motorhome model. This is often done by car buyers too, but the monthly payment is only part of the whole loan picture.
You need to take that monthly payment figure and multiply it by the number of months that the loan contract is in force. Once you have that figure, then compare the final cost of the loan contract with the cost of just buying...
RV Loan Mistakes That You Must Avoid
Financing > RV Loan Mistakes That You Must Avoid
Financing
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