BANK OF CCFOSHEE: No Longer Taking ApplicationssteemCreated with Sketch.

in #steem6 years ago (edited)

THIS PROGRAM IS NOW CLOSED...PLEASE STAY TUNED FOR NEW OFFERINGS

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The Bank of CCFoshee is now accepting Steem microloan applications for a limited time.

Terms:
Minimum - 5 Steem
Maximum - 10 Steem
Duration - 7 Calendar Days
Interest Rate - 10%

Qualifications:
Reputation > 50
7 Day Pending Payouts > 125% of Full Payoff

Procedures:
Reply to this notice with your requested amount. I will reply if you have been selected and include a link to a Steemit post outlining the agreement. You will then reply to that post with your acceptance. I will then transfer the principle amount to your Steemit address. Once you have repaid the full amount, I will amend the original post showing that you have upheld the agreement.

Let me know if you have any questions!

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what would be the advantage to a steemit member in renting your steem? and would it cover the cost of your interest rate?

The easiest way is to increase your SteemPower quicker than having to wait a week for the payout.

Otherwise, by having the Steem (or SteemPower) in your account, you can use your SBD to promote, rather than converting it to Steem and then Powering Up.

Used correctly, I've been able to get roughly 2 Steem/SBD for every 1 SBD I've used to promote. This should cover the interest rate.

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