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Spaceempires.net :: Bridging Loan :: View topic
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Bridging Loan

 
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Alikiwi
Space Emperor


Joined: May 09, 2007
Location: Tasmania

PostPosted: Thu Jul 03, 2008 12:58 pm    Post subject: Bridging Loan Reply with quote

Manager, Bank of SJ.

House Hermes is wondering if you can provide some sort of short term bridging loan with repayments over a 5 month period? Due to the rapid expansion of production at our shipyards to counter the enemy in the western frontier, and the total collapse of trade from other Empires, we have seen a large increase in expenses whilst suffering (as others have) a drastic reduction in resources.

Whilst orders are being issued to build new mining and extraction facilities it will take a few months for these to produce returns. Therefore we are seeking a modest loan to allow purchases to be completed, and ensure a smooth flow at our shipyards.

The loan we seek would be for:- 20,000 min., 10,000 organics and 10,000 rads. Repayments over at least a 5 month period would be ideal.

We look forward to hearing from you at your earliest convience.

Sl Alikiwi, House Hermes



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SuicideJunkie
Leaky Guru


Joined: May 28, 2005
Location: Canada!

PostPosted: Mon Jul 07, 2008 2:08 am    Post subject: Reply with quote

Sorry for the delay, I was on a business trip and out of contact the last few days.

I can certainly get you 10k organics, at 0.25% interest monthly.
Radioactives are in shorter supply, so I am afraid I will have to charge 0.75% on that.

Your minerals request is significantly beyond our stated limit, and we will have to reduce that amount. Would it be possible to work with a smaller amount for a longer time period?


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Alikiwi
Space Emperor


Joined: May 09, 2007
Location: Tasmania

PostPosted: Mon Jul 07, 2008 2:16 am    Post subject: Reply with quote

Thats OK, I was on tour (again) for a couple of days myself. Certainly we could work with a lesser amount over a long period with minerals. I have ordered new production facilities, but these will take awhile to start producing.

Let me know what you can provide and we will take it from there. Thank you for your efforts sir.

SL Alikiwi House Hermes Financial Division.



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SuicideJunkie
Leaky Guru


Joined: May 28, 2005
Location: Canada!

PostPosted: Mon Jul 07, 2008 10:13 pm    Post subject: Reply with quote

Would 10k @ 0.5% for 10-15 turns for the minerals be ok?

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Alikiwi
Space Emperor


Joined: May 09, 2007
Location: Tasmania

PostPosted: Mon Jul 07, 2008 11:06 pm    Post subject: Reply with quote

Yes that would be acceptable thank you Sir.


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SuicideJunkie
Leaky Guru


Joined: May 28, 2005
Location: Canada!

PostPosted: Tue Jul 08, 2008 10:25 pm    Post subject: Reply with quote

What specific duration would you like?

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Alikiwi
Space Emperor


Joined: May 09, 2007
Location: Tasmania

PostPosted: Tue Jul 08, 2008 11:24 pm    Post subject: Reply with quote

Make it 15. I presume there is no penalty if I end up paying it out earlier?


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SuicideJunkie
Leaky Guru


Joined: May 28, 2005
Location: Canada!

PostPosted: Wed Jul 09, 2008 9:11 pm    Post subject: Reply with quote

Not at this time.
So:
10k orgs @ %0.25 /mo for 5 months
10k rads @ %0.75 /mo for 5 months
10k mins @ %0.50 /mo for 15 months


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Alikiwi
Space Emperor


Joined: May 09, 2007
Location: Tasmania

PostPosted: Wed Jul 09, 2008 9:34 pm    Post subject: Reply with quote

That arrangement would be satisfactory.


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SuicideJunkie
Leaky Guru


Joined: May 28, 2005
Location: Canada!

PostPosted: Wed Jul 09, 2008 11:09 pm    Post subject: Reply with quote

Excellent. Just sign here and here, and initial there.

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Alikiwi
Space Emperor


Joined: May 09, 2007
Location: Tasmania

PostPosted: Thu Jul 10, 2008 2:58 am    Post subject: Reply with quote

Signed,
Signed,
and initalled.

Thank you for your efficency.

SL Alikiwi, House Hermes



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