Six years ago I launched DigiPawn, the first of its kind. We started advancing cash using domains as collateral and while it nearly broke my bank we survived and thrived.
Some time later the good folks at Domain Capital came onto the scene. Great guys, they are. We really have a fantastic relationship with them.
Now, I’d like to formally announce DigiLoan. While we are similar to Domain Capital in structure there is one main difference. If you want to borrow money to buy a name from my newsletter or from one of our auctions, we are very likely to help you out. Make no mistake about it. We are here first and foremost to sell domains.
This sister company of DigiPawn differentiates in a couple of important ways. First off, interest is annual. The deals are 3, 4 or 5 years long. Also, They are interest and principal payments.
Short-term cash advances and very small needs will still be processed through DigiPawn but for the bigger amounts and longer term domain loans, please send your applications through DigiLoan.
Please take a moment to visit our newest addition to the Rick Latona family of companies.
I’m here to answer any questions you may have.
© 2010
Best of luck! Great idea and I’m sure it will succeed!
Good Luck with your new Venture – You certainly are the hardest working man in the domain industry!
I LOVE this financing option. This should help domainers get a tremendous amount of leverage on good domains.
Totally dig it.
Great to see another option in the financing space, best of luck! Can you put a loan calculator on the site so it is easy to enter the price, term, and rate to see what the monthly payments would be?
@DN Media.
That would be a great idea.
Kudos to you for that idea.
[...] Rick Latona introduced DigiLoan.com, a longer term loan company which will help people finance large domain purchases, primarily domain [...]
I think this is an important development.
If credit was the engine that drove the historically unprecedented growth of “real world” capitalism, then mature credit markets in domaining could completely revolutionize the industry – leading to astronomical rates of growth (and soaring prices to match).
Great idea Rick!
Very timely, since it is tough to secure traditional financing of any kind in this economy.
Cheers,
Ron