I currently operate a bitcoin teller machine in Lexington, KY and with the new price highs have received an overwhelming level of interest. I now feel it is finally time to expand into Louisville and launch a second machine.
This is not the first time I've requested a loan for my business. I have placed a couple loans to help with liquidity and have repaid each on time. I actually took my first major loan from BTCJam where I was able to start my business a little over a year ago. Of the 4.9 BTC I am requesting roughly 2.5 will be used to actually purchase the new machine. The remaining will be held in a mix of cold storage and fiat to ensure that there is enough funds to cover new customer orders.
Repayment should be covered by the new market alone but if not will be supported through the funds collected out of my original. If for some reason the business would not be able to support the repayment schedule then I will have no problem covering this loan through my normal day job.