We are very lucky to bring you another excellent interview this week. Billy is a Florida-based entrepreneur, being in the printing industry for over 14 years! This is already his second loan on Bitbond and he still wants to grow his business. His first loan was paid off early and he was in a constant touch with his investors 😍 This time Billy is asking for $8,623 at 26.13% p.a. Head over to his current eCommerce loan and feel free to ask him questions in the comment section.
Let’s meet Billy ⬇
B: Hi Billy, thank you very much for taking the time to talk to us. Could you start of by telling us a little about your business?
B: I own a printing company that prints marketing materials such as business cards, postcards, vinyl banners, stationary, etc… I have been in this industry for over 14 years now, and specialize in servicing network marketing companies and their affiliates.
B: It sounds impressive! How come you ended up starting this business and why have you chosen this particularly niche?
The reason I started my printing business was actually by chance. I was a director of a small non-profit that did employment training for individuals with mental health issues. The program had a very small print shop servicing other non-profits locally and was funded by a state agency here in the US. In 2008, during hard economic times in our state, that agency was forced to cut our operating budget. This forced us to have to close down the non-profit. Since I had built up the print shop program over the years, and was going to be out of a job, the board of directors let me transition the non-profit program over to a for profit business. I’ve been printing ever since.
B: What do you hope to achieve with your loan and why did you choose Bitbond over a bank?
B: The loan will allow me to continue to upgrade and add additional equipment to my printing business. My first loan was for a new digital press, and that worked out perfectly. I had other lines of credit through Kabbage and PayPal Working Capital, but their rates were higher and over a shorter payback period. Bank loans are harder to qualify for. Bitbond allows me to make set monthly payments.
B: What is your favorite feature on Bitbond? What features do you think are missing?
B: My favorite feature on Bitbond is the loan comment section. It allows investors to ask questions and build the trust required for peer-to peer loans. Also, the choice of loan payback periods is a great solution. Being able to choose the length of the loan helps with financial planning.
I feel a loan listing rating system would be a great addition creating a buzz about a great loan listing.
B: What would you want potential investors to know about your loan?
B: I’m a firm believer that crowd funded loans are a way to benefit not just the borrower, but the many others who would not get a chance to invest otherwise.
The loan will help me grow my business by adding more capability to do more types of printing on more types of materials. My first loan was paid on time monthly and paid off early, the press I purchased with the proceeds has almost paid for itself in the increase in business it has brought me. I expect this second loan will be paid early also.
B: What do you think the future holds for bitcoin? Is it the modern-day equivalent of the internet or will it fall flat on its face?
B: I think crypto-currencies in general are the future of finance. Bitcoin has already changed how the regular banking systems are looking to operate in the future, and it definitely has changed finance for the better. It’s not going anywhere.
Also, Bitcoin will definitely become more mainstream. I believe Bitcoin will remain the “Top Dog” so to speak.
B: As a business owner, does your place of work accept bitcoin? If not, what do are the chances of that changing?
B: My printing company is a 100% eCommerce business, and not only do my websites accept bitcoin, they also promote Bitbond!
B: Thank you Billy for a great interview
Investors can head over to Billy’s eCommerce loan and invest for another 10 days.
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