Can Use My Ebay Store As Loan Guarantor

[online24h]

. I do dropshipping on ebay . My store is 100% feedback ..total items value little more $1M Canadian dollar..
. i do very good customer service .
. recently have very bad financial situation due to personal reasons.
. I have about 20 orders not able to ship them ..some buyers open requests asked for refund .. I did some refunds . 2 days ago received first negative feedback for this trouble

. what I think now is to ask lender to lend me some money be able to process these orders.
. I want to use Ebay store as loan guarantor, what I think is ask lender to buy fromm store with value equal to my loan .... hen in this case ebay will be guarantor for his money
I am sure I will be able to pay off this loan in 2 _ 3 months 100% guarantee
.. what do you think guys .. is this crazy idea.
.. Open to hear any recommendations or other solutions..

[agent006140]

who is your lender?

[aria7]

What about a loan from ebay? They're forever pestering me, you must have had a message or a link on your storefront.

Maybe not as good a rate as other lenders but it would bail you out without having to explain yourself, particularly if its only for a few months.

[agent006140]

are you saying if you cannot pay back your lender,he would buy from your shop,and if you cannot fill the order,then he will file INR and GET HIS MONEY BACK?
But to buy from you,he must use his money,then he files INR and get his own money back,what did he gain?
MAY BE ARIA7 CAN LOAN YOU SOME MONEY ,0% INTEREST AND NEVER HAVE TO PAY BACK.

[online24h]

Originally Posted by agent006140

who is your lender?

Still looking

[rsot]

Have you resolved your personal finance situations?

[agent006140]

Originally Posted by rsot

Have you resolved your personal finance situations?

Do pigs fly?
He is engaging in retail arbitrage,his shop has listings worth over $1 millions BUT he has zero inventory/
Now he has no money to fill 20 orders,and he wants to borrow money ,using his Ebay store as collateral??
He wants his lender whom he is still searching to lend him the money and in case he cant pay back,lender then will place orders in his shop,file INR and let Ebay 30 days money guarantee policy give him back the money.
What did the lender gain?ZERO !!

[paulfoltyn]

Originally Posted by agent006140

Do pigs fly?
He is engaging in retail arbitrage,his shop has listings worth over $1 millions BUT he has zero inventory/
Now he has no money to fill 20 orders,and he wants to borrow money ,using his Ebay store as collateral??
He wants his lender whom he is still searching to lend him the money and in case he cant pay back,lender then will place orders in his shop,file INR and let Ebay 30 days money guarantee policy give him back the money.
What did the lender gain?ZERO !!

Do you even make sense in your own head?

OP easiest would be as someone else reccomended, ebay loan, they have full access to your sales history etc another lender would need all kinds of proofs as its not something they're used to. How much are you items worth each that you can't fullfill 20?

[agent006140]

Originally Posted by paulfoltyn

Do you even make sense in your own head?

OP easiest would be as someone else reccomended, ebay loan, they have full access to your sales history etc another lender would need all kinds of proofs as its not something they're used to. How much are you items worth each that you can't fullfill 20?

Boost your IQ,take ginseng,Ebay can tell from a mile away he does not have any physical inventory.
How long have you been in business?2 seconds?

[paulfoltyn]

Originally Posted by agent006140

Boost your IQ,take ginseng,Ebay can tell from a mile away he does not have any physical inventory.
How long have you been in business?2 seconds?

i could cut my IQ in half and it would still be double yours. Don't you have anyone in real life to bore with your nonsense?

[agent006140]

Originally Posted by paulfoltyn

i could cut my IQ in half and it would still be double yours. Don't you have anyone in real life to bore with your nonsense?

I can ask you the same question?
Ebay,Paypal may send you loan solicitations,it does not mean it would be approved,it gives them a chance to check your credit.
Ask yourself if you are a lender,would you lend money to a seller who has no inventory ,cant afford to ship 20 orders?
Also what is the interest rate it is asking?If Ebay is charging us 13% now for FVF and transaction fee,,how much can we make after paying interest expense on top of that 13%,also lets not forget if his seller rating falls ,he could be paying an extra 3 % for bad performance,do your math!
FYI,average credit card rate is now 21 %

[SaiJin]

Originally Posted by online24h

. I do dropshipping on ebay . My store is 100% feedback ..total items value little more $1M Canadian dollar..
. i do very good customer service .
. recently have very bad financial situation due to personal reasons.
. I have about 20 orders not able to ship them ..some buyers open requests asked for refund .. I did some refunds . 2 days ago received first negative feedback for this trouble

. what I think now is to ask lender to lend me some money be able to process these orders.
. I want to use Ebay store as loan guarantor, what I think is ask lender to buy fromm store with value equal to my loan .... hen in this case ebay will be guarantor for his money
I am sure I will be able to pay off this loan in 2 _ 3 months 100% guarantee
.. what do you think guys .. is this crazy idea.
.. Open to hear any recommendations or other solutions..

I don't see this as crazy. rather I'd explore any option I can get if I were you.

Depending on the $ if it's large enough you may need to put your home as a guarantee.

And hard lenders will charge such a high % too.

But start there.

[rsot]

online24h, are you formally registered as a business entity with documentation, etc? Seems unclear

[OldTom]

Originally Posted by agent006140

Boost your IQ,take ginseng,Ebay can tell from a mile away he does not have any physical inventory.
How long have you been in business?2 seconds?

If ebay can tell he has zero inventory and therefore knows they're engaging in retail abitrage then they would have been suspended by now surely?

You've turned this thread into a mess, rambling on about lenders buying from their shop and then filing an INR- WTF are you on about?

Take a chill-pill or something stronger maybe?

[agent006140]

You should do likewise,what kind of business would not know ?
Paypal,Ebay would send you solicitations ,but it does not mean it would be approved.
If approved,you may not like its term.
He has 20 orders he cannot fill,so if he cant resolve,he would be suspended

[SaiJin]

Okay, I'm tired of deleting both of you posts in here.

Stop bickering or I'll put you on time out.

[SaiJin]

Last warning to all of you. stop derailing the thread

[online24h]

Originally Posted by rsot

online24h, are you formally registered as a business entity with documentation, etc? Seems unclear

Not yet registered as business ... still unsolved .. now orders up to 27 orders !!!for the one recommended Ebay loan .I tried to apply Ebaycom said not available in canada .

[agent006140]

how much do you need?

[Something random]

What about a business credit card? I think TD in canada is giving them out with interest rate in the low teens (%14?).. maybe solve your problem


Pretty sure mogo still does interest-only same day personal loans

[agent006140]

For some of you who are interested in getting a loan backed by your inventory in the real world-
The lender will ask for a certified audit report from a CPA ,who would come to your warehouse and tag and record every piece/lot and tally up the totals,it is then up to the lender to assign an estimate value on all tagged items.
I know a company which export overseas,the partners travelled a lot and when they are in your area,they would ask to see your warehouse.
Unless you know in advance he is coming,else he would be able to assess your business based on what you have in the warehouse .
I dont know how Paypal or Ebay assess your financial health,I assume if it is large amount,it could do the same,some Ebay sellers who sell electronics,used cars,industrial equipments,servers and need a large loan