Loan Request

Presented by
James Bartlett
James Bartlett

Created On: September 29th, 2017

Updated On: September 30th, 2017

Loan Request in London, DC

Amount: $3,500

Interest Rate: 60% - 80%

Duration: 1 Months

Down Payment: $0

Category: Other

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Seeking Short-term Bridge Loan of $3500 for 4 to 6 weeks

Posted on September 29th, 2017| Updated on September 30th, 2017| by James Bartlett

The UK Government, HM Treasury, owes me over 11,000 pounds. I need to pay fees and charges of 2,500 pounds in order to get it back. Hence, I am seeking a short-term Bridge Loan, of GBP2,500 / $3500 for 4 to 6 weeks.

Background - One of my UK companies, of which I'm the sole Director and Shareholder, was closed in Dec 2016 for its accounts being a few months overdue, as I'd been working abroad since July 16 and missed the two reminder letters from Companies House.

The company had over eleven thousand pounds (GBP11,000) in its bank account at the time, which is held by the UK Treasury and I'm now going through the process of restoration of the company and recovery of the funds, which will take around 4 to 6 weeks.

To get the 11,000 pounds back, I need to pay seven hundred and fifty pounds (GBP750) Late Filing Penalty, 140 pounds Companies House charges, as well as pay my accountant (1350 + VAT =) 1620 pounds to submit this year’s and last year’s company Annual Accounts and Corporation Tax Returns. Hence, I urgently need to raise two thousand five hundred pounds (GBP2,500) to cover those costs.

The proposal is to borrow a bridging loan of 2,500 pounds / 3,500 dollars for the 4 to 6 weeks that the process is likely to take for the 11,000 pounds to be repaid by HM Treasury.

I offer to pay a fee of at least 150 pounds to the lender on settlement of the loan, but we can negotiate and agree the fee, calculating interest on a daily basis if required.

[For example, if the sum of 2,500 pounds was borrowed for one calendar month with a fee of 150 pounds, that would be equivalent to an annual percentage rate (APR) of over 70 percent – a strongly positive return in comparison to typical loan rates.]

Is there a lender, or a few lenders together, who are able to help with lending 2,500 pounds / 3500 dollars for around 4 to 6 weeks?

This is entirely genuine and to prove the reason for seeking this short-term bridging loan, the following information will be provided;

Proof of my identity and address via passport and recent utility bill / bank statement.

Proof of directorship and shareholding of the company & Company registration certificate.

Letters from Companies House.

Company bank statement from December 2016 showing the GBP11,000 transfer to HM Treasury.

The Waiver Letter from HM Treasury stating they’ve no objection to recovery of the funds.

A legally binding agreement for this proposed loan arrangement, (3,500 dollars for 4-6 weeks) with the repayment terms and agreed fees.

If you have any questions, please contact me directly at any time or post a reply here.
Thanks. James.

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