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intellectual
property, got the cold shoulder from
traditional lenders when they needed access to
capital. He founded inteLend to fill that gap.
I
asked Matt for more details on the two services
inteLend offers - 1) cash loans and 2) financing
of domain purchases. For loans, Collins said,
"We advance cash on domains that have
intrinsic value as well as websites that generate
cash flow - the higher the value of the
collateral, the more we can advance on any given
deal. Once
we agree on the financial terms with the client,
the client forwards the domains to us in our
registrar account and we wire transfer the money
to the client."
"Since
the name servers are unaffected, the
client continues to operate his business as
normal," Collins said. "inteLend.com
can never “call” the deal or force a client
into a default, meaning the client can close out
the deal whenever ready. More importantly, the
client can continue to renew the deal every
month for as long as the client wants to do
so."
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For
those interested in the company's other
service - helping to finance new
purchases, Collins said, "In this
situation, inteLend.com will loan up to
70% of the purchase price. The
buyer will need to put down at least 30%
so that he will have a real ownership
interest and thus will not be likely to
default on a deal."
Collins
acknowledges that inteLend is not for
everyone. As with short term financing
providers in other fields, interest rates
are high. However, Collins cited
several reasons why many will find the
cost is justified: |
Make
money online image from Bigstock |
1.
There is never a credit check.
2.
Cash advances are made solely on the value of
the assets so personal credit is never going to
be involved.
3.
Whether a client needs $500 or $5,000,000, we
stand ready to help as we have vast financial
backing in order to do deals of any size.
4.
A client will get a decision and/or offer within
one business day.
5.
While the domain is the collateral for every
deal and is held by inteLend.com curing the term
of the deal, the client still gets full use of
the domain and has control of the name
servers.
6.
The client has maximum flexibility to decide
every month whether to pay off or renew the deal
so every deal is on a month to month basis.
If
you would like to hear an in-depth discussion of
inteLend's services, checkout the video
interview that Michael Cyger
did with Collins for DomainSherpa.com. Matt
can also be contacted via email at [email protected].
One
other thing - if you run a website, you might be
able to profit from inteLend's arrival on the
scene, even if you never have a need for the
company's financial services. Collins said,
"We have an affiliate program where
affiliates can refer friends and associates to
our service and earn a commission for every deal
that is done. As an affiliate, the commissions
can be very lucrative as we pay 3% of every
deal an affiliate brings to us. This
commission is payable after the client pays the
first month’s finance charge." You
can check out http://intelend.com/affiliate.php
for more information on the inteLend affiliate
program.
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