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Please loan me money

I have in hand a job offer, which very much relieves the panic about declining available credit limit.

And a working Macrame.pm macro system, which will have its second release to CPAN tonight (barring unexpected complications.)

I resolved to post this prior to receiving the offer letter, though, and fundamentally it is still required for Tipjar LLC, has been for some time, will be into the future.

In short, tipjar LLC seeks investors willing to write checks that don't bounce, for any amount.

As personal loans, from direct acquaintances only. The registered security offering (which will also be of a debt variety, not an equity variety, at least at first -- "convertible debt, the workhorse of start-up financing" as one handout in business plan class called it) is still in the future, blocked currently by proper assembly of the "core team" for purposes of filling out the U-7 Small Company Offering Regisration (SCOR) form.

I am currently willing to contract to repay money at principal plus continuous interest compounded at %18.232155679395458, which according to my little calculation widget embedded in http://www.tipjar.com/DebtBazaar/DB_ASK.html
which uses Javascript's internal concept of the value of e, is what an annualized percentage rate of %20 breaks down to.

I will pay currently due interest monthly, and will pay down principal when my cost of funds falls below the rate I pay on your loan.

I have a patent pending on a system to provide the accounting for such loans, which yours will be exercising the practice of.

If you would like to loan me money, which I will pay back with interest, please make an offer of amount and rate you would like using the comment form below. Interest accrual will begin as soon as I enter your check into my database, which will be before I deposit it.

If I default, you (and others in your situation) get to take over the tipjar.com domain name and related brands. But that isn't going to happen.

And I remain open to hearing from people who would like to help run tipjar or one of its business units as well, although until there are investors, the only compensation I can offer is interest-accruing debt.


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text orignially entered 2007-12-19 - 10:35 p.m.