Bank of America - Loans and Investments

Discussion in 'Classifieds & Ads' started by Lopporit, Aug 4, 2021.

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  1. DvL7

    DvL7 EcoLeader
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    Yea dont need it anymore , waited like 2 weeks : (
     
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    #41 DvL7, Nov 25, 2021
  2. Lopporit

    Lopporit Shiny SA
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    Quick update, as it is necessary. Demand for loans has slowed down a lot, and I believe that my own personal funds will likely be sufficient enough to sustain what little is requested. As such, most investors are currently being refunded their balances right now via forum transfer from @SirSpuzzy

    @ringthane @ChiGuy133 @Mysticgoli123 @MikeGallegos @S_Bend_To_Blind @Fon_ @xvgwest Thank you all so much for contributing and helping get the bank off the ground :D If at any point in the future I'm ready to re-open investing I will make a post here for it

    There is still a loan currently out that the majority of you have a stake in, and that money will be forum transferred to you once it's all paid off. Thanks a lot everyone <3
     
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    #42 Lopporit, Dec 1, 2021
  3. Lopporit

    Lopporit Shiny SA
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    After a short hiatus, Bank of America is now offering loans again! Public investors are not currently being taken.
     
    #43 Lopporit, Dec 20, 2021
  4. TexasLowBoost

    TexasLowBoost Tycoon
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    can i get a dollar
     
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    #44 TexasLowBoost, Dec 20, 2021
  5. SplayTick

    SplayTick
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    IGN: SplayTick
    Rank: President
    Have you been banned in the last six months: No
    Amount Requested: 2,000,000
    Reason for Loan: Tool Purchase
    How do you plan to earn the funds to repay this loan: Mostly fishing and mining.
    Do you currently owe any other debt, and if so, how much: No, N/A
    Ideal loan duration: 4 weeks but should be paid sooner.
     
    #45 SplayTick, Dec 28, 2021
  6. Wallky

    Wallky President
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    IGN: Wallky
    Rank: President
    Have you been banned in the last six months: No
    Amount Requested: 2,000,000
    Reason for Loan: Purchase of a L3 rod
    How do you plan to earn the funds to repay this loan: Magic
    Do you currently owe any other debt, and if so, how much: No
    Ideal loan duration: 7 weeks
     
    #46 Wallky, Dec 29, 2021
  7. Lopporit

    Lopporit Shiny SA
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    Both have been accepted and processed!
     
    #47 Lopporit, Dec 31, 2021
  8. MrMeyerz52

    MrMeyerz52
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    IGN: MrMeyerz52
    Rank: Mayor
    Amount Requested: 600k
    Reason for Loan: Upgrade Magic tool to lvl3
    How do you plan to earn the funds to repay this loan?: Magic Day
    Do you currently owe any other debt, and if so, how much: None
    Ideal loan duration: 1 Week
     
    #48 MrMeyerz52, Jan 26, 2022
  9. patros25

    patros25 President
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    IGN: patros25
    Rank: President
    Have you been banned in the last six months: No
    Amount Requested: 800k
    Reason for Loan: To buy that sweet sweet magic
    How do you plan to earn the funds to repay this loan: Mainly fishing with the tool I'm getting the magic for with that loan
    Do you currently owe any other debt, and if so, how much: None
    Ideal loan duration: 2 months, with option to pay back earlier
     
    #49 patros25, Feb 4, 2022
  10. Gowther32

    Gowther32 Goat Sin of Lust
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    IGN: Gowther32
    Rank: EcoLeader
    Have you been banned in the last six months: No
    Amount Requested: 2,000,000 ECD
    Reason for Loan: Purchase of 4 additional town claims to kickstart a build project of mine and to help fund for labor/materials.
    How do you plan to earn the funds to repay this loan: Multiple methods to include farming with magic tools (Ive l3 rod and some other l1s for picks and hoes at the moment), selling /magic or smithmaster feat, melon farming, selling magic tools, among others.
    Do you currently owe any other debt, and if so, how much: No debts currently owed
    Ideal loan duration: 6 months, weekly payments if possible, likely to pay over minimum
     
    #50 Gowther32, Feb 4, 2022
  11. Lopporit

    Lopporit Shiny SA
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    To be totally honest, I think 6 months is way too long on a $2 million loan. The longest I've done I believe is 8 weeks, and that was for a $3 million loan. I'd be willing to do 8 weeks on a $2 million as well but I think that's the longest I'd be comfortable with
     
    #51 Lopporit, Feb 4, 2022
  12. Gowther32

    Gowther32 Goat Sin of Lust
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    That's workable, haven't done this in a while so not sure what ideal loan durations would be, I'm fine with 8 weeks, tbh I literally took patros loan amount and duration as a baseline and tripled lol
     
    #52 Gowther32, Feb 4, 2022
    Last edited: Feb 4, 2022
  13. Lopporit

    Lopporit Shiny SA
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    Accepted, contract made and approved! Contact me in-game please!
     
    #53 Lopporit, Feb 4, 2022
  14. Lopporit

    Lopporit Shiny SA
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    Accepted at 8 week duration, making contract now.
     
    #54 Lopporit, Feb 4, 2022
  15. patros25

    patros25 President
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    IGN: patros25
    Rank: President
    Have you been banned in the last six months: No
    Amount Requested: 1.6mil
    Reason for Loan: Funds for buying Star Pick from the delightful ImPickles
    How do you plan to earn the funds to repay this loan: Magic fishing
    Do you currently owe any other debt, and if so, how much: None
    Ideal loan duration: 8 Weeks
     
    #55 patros25, Mar 5, 2022
  16. Lopporit

    Lopporit Shiny SA
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    Approved, will do in-game contract.
     
    #56 Lopporit, Mar 5, 2022
  17. trevormcl5

    trevormcl5 Resident
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    IGN: trevormcl5
    Rank: Builder
    Have you been banned in the last six months: No
    Amount Requested: 5K
    Reason for Loan: Would like to apply for resident rank
    How do you plan to earn the funds to repay this loan:Farming wheat, and mining to sell.
    Do you currently owe any other debt, and if so, how much: No
    Ideal loan duration: One week at the max (I work so only have time to play in evening).
     
    #57 trevormcl5, Mar 6, 2022
  18. SirSpuzzy

    SirSpuzzy Wandering Shulker Salesman
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    Declined. However i will donate 5k to you. Enjoy the server
     
    #58 SirSpuzzy, Mar 6, 2022
  19. Lopporit

    Lopporit Shiny SA
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    Updates!

    • We will no longer require a $50,000 minimum on loans, instead loan amounts will be determined on a case by case basis
    • The loan application has been shortened to remove some needless questioning
    • Public investing has been re-opened
    • Late fees for loans have been removed entirely
    • Tool rentals through BoA now available!
    • Credit through BoA is now live!
    All new features to the bank have been introduced into the main post on this thread! Please give them a read if you're interested.
    ​
     
    #59 Lopporit, Mar 8, 2022
  20. Lopporit

    Lopporit Shiny SA
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    Due to the new tax system, banks that operate by holding funds from investors are simply not viable anymore, in my opinion. It's very sad that this was done in a way that doesn't keep businesses that hold the funds of others in mind. However, that is how it was done, and I cannot hold funds of others and risk those funds getting exorbitantly taxed just because I happen to be holding multiple peoples' savings at one.
     
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    #60 Lopporit, Mar 18, 2022
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