Equipment Funding for Bitcoin Mining Servers & Computers
Need a Funder or Vendor? START HERE

Results 1 to 8 of 8
  1. #1

    Equipment Funding for Bitcoin Mining Servers & Computers

    Client seeking $1.9MM for Bitcoin Mining servers and computers. Client's firm has 25 percent for equity injection. They are a start-up and prefer no Personal Guarantor if possible (Already know that's probably a long-shot).

    Please advise if interested.

    Thank you

  2. #2
    Senior Member Reputation points: 226388
    Join Date
    Feb 2017
    Posts
    3,397

    This sounds like you're fishing for raising equity. I'd be very careful here, there are a lot of literal laws in place unless you're properly licensed. If you aren't, then please specify.

  3. #3
    I am not searching for equity, so your assessment is incorrect. For future reference, please do not respond to any of my post as I am well aware of compliance\ and licensing requirements.,

  4. #4
    Senior Member Reputation points: 226388
    Join Date
    Feb 2017
    Posts
    3,397

    Quote Originally Posted by bmckenzie67 View Post
    I am not searching for equity, so your assessment is incorrect. For future reference, please do not respond to any of my post as I am well aware of compliance\ and licensing requirements.,
    My apologies, no need to try to cancel me. You just mentioned a "25 percent for equity injection" which sounded like they're looking to sell the equity and they're a startup looking for $1.9mm with no PG, so it sounded to me like an equity deal. If I was wrong, I'm okay being wrong. Either way, as a startup needing those numbers, I normally just tell people that this deal is an equity deal, and I don't do equity.

  5. #5
    Senior Member Reputation points: 4567 NickHubbard's Avatar
    Join Date
    Jun 2015
    Location
    Saint Louis, Mo
    Posts
    333

    Quote Originally Posted by abfunders View Post
    My apologies, no need to try to cancel me. You just mentioned a "25 percent for equity injection" which sounded like they're looking to sell the equity and they're a startup looking for $1.9mm with no PG, so it sounded to me like an equity deal. If I was wrong, I'm okay being wrong. Either way, as a startup needing those numbers, I normally just tell people that this deal is an equity deal, and I don't do equity.
    I assume he meant the client has 25% cash down to bring into the equipment financing acquisition.
    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

  6. #6
    Senior Member Reputation points: 226388
    Join Date
    Feb 2017
    Posts
    3,397

    Quote Originally Posted by NickHubbard View Post
    I assume he meant the client has 25% cash down to bring into the equipment financing acquisition.
    That makes sense now. I misread it, so I'm glad it's been clarified, which is exactly what I was requesting. Still, asking for $1.5mm equipment finance with no PG for a startup is still an equity play.

  7. #7
    Senior Member Reputation points: 72398 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,246

    From my buddy Tony:

    "I have done similar before it really depends but more likely PG is needed.
    Send it I can review and tell you. "

    Tony Borchello
    First Financial
    (888) 211-2197
    mobile: (949) 800-5767
    tonyb@firstfinancialweb.com
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  8. #8
    Senior Member Reputation points: 1755
    Join Date
    Oct 2022
    Posts
    280

    I love this! I am highly interested.
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

Similar Threads

  1. Equipment Questions-Virtual Servers
    By FSB in forum Deal Bin
    Replies: 1
    Last Post: 02-02-2023, 01:08 PM
  2. Replies: 4
    Last Post: 12-29-2021, 03:20 PM
  3. Sale lease back mining equipment
    By BSCI 504 in forum Deal Bin
    Replies: 1
    Last Post: 08-21-2020, 12:53 PM
  4. Coal mining company looking to borrow against equipment worth 2MM
    By Peak Source in forum All Other Lending
    Replies: 5
    Last Post: 10-29-2015, 04:16 PM
  5. Replies: 3
    Last Post: 09-22-2015, 05:05 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Fed penalizes Evolve Bank
Cloudsquare unveils Cloudsquare Lend
Pipe secures $100M credit facility


DIRECTORY