Ask HN: Is it possible to get a loan with my domain as a collateral?
We are a couple who have been working on a side project but need urgent financial assistance to launch the business. We lost our small business which was sustaining during the COVID pandemic and in the process lost all our assets. We have tried looking for jobs but nothing has come through. Last month we decided to start our own sales and marketing company which is not capital intensive but we need $2,200 to get started. Having failed to raise funds among family and friends, we are looking at other options to get a loan and have our domain as collateral. Any advice.
2 comments
Collateral generally needs to be something with value, and a reasonably liquid market (since the bank doesn't want to hold a bunch of random assets on their books that they've collected from peoples' loan defaults).
What's the value of your domain, and your assessment of the liquidity of the market for it?
What's the value of your domain, and your assessment of the liquidity of the market for it?
There are a couple of "domain name loans" companies out there, so there must be a market for it. Have you applied to any of them? Can you share the domain name in question?