FOXFOXFOX: Sharky's financial services accepts the following contract proposed by VVT
We, the undersigned Sharky financial services, agree to receive 3 guineas to the undersigned company, Vixen Volume Trading.
This amount will incur into a monthly interest of 5% of the initial sum. Failure to pay interests and provide the full initial sum at the end will cause expropriation of assets for at least equal value.
In consideration of the cyclical nature of trade, it is agreed that interest payments can be suspended for up to 3 months. The amount due will still need to be released either immediately or spread across the remaining duration of the contract. No further suspension can be awarded until there is no longer outstanding suspended interest.
Signed:
Vixen Volume Trading
Sharky's financial services
I will, however, note that the contract features no fixed end date, nor any withdrawal condition. Upon a literal reading, the clause stating "Failure to [...] provide the full initial sum at the end will cause expropriation of assets for at least equal value." has no condition in which it would apply. While I would be happy to keep your money indefinitely and only pay interest, while making an honest effort to return the initial sum when needed, you may wish to amend the contract later.
Now, Sharky's is flush with cash, enough to buy the majority of a ship!
Now, my interest rates may seem high but compared to the trade profits, they pale. Assuming a ship can carry 10 sand, each guinea spent on that pays 0.5 every 2 months, or 0.25 per month averaged. Compared to a paltry 0.1 per month of interest, the return on borrowed guineas is nothing less than astounding. Come one, come all! get your money at a modest price.
Wilco Ventures: I see that in your proposed ship contract you state the desire to get a loan. Your business plan is sound, So I would be happy to oblige. The terms I wrote in the contract sample earlier can be considered pre-approved (10%, 6 months, 3 months interest suspension clause) . Are those suitable for you, or would you like some customization?
I have a total of 6 guineas available for loans, however I would like to avoid loaning more than 3 to a single company. Of course, I could be convinced otherwise with favourable terms.
Here is a signed contract, if you want to accept it as is.
We, the undersigned Sharky financial services, agree to transfer 3 guineas to the undersigned company, Wilco Ventures.
This amount will incur into a monthly interest of 10% of the initial sum. The initial sum will need to be repaid in full after 6 month. Failure to pay interests or to provide the full initial sum at the end will cause expropriation of assets for at least equal value.
In consideration of the cyclical nature of trade, it is agreed that interest payments can be suspended for up to 3 months. The amount due will still need to be paid either immediately or spread across the rest of the loan. No further suspension can be awarded until there is no longer outstanding suspended interest.
Signed:
Resources
Funds: 3 Guineas
Favour: None
Commodities: None
Investments: None
Financials
Debts: 3 guineas, to VVT, Turn 0, no term, 5% monthly, 3/3 suspension available