Domain Capital Review – My Experience Getting Domain Name Financing
What do you do when you come across a steal of a premium domain name but you don’t have the funds available to purchase the domain name outright for cash? One option available to many domainers, webmasters, and business owners is to use a domain name financier like Domain Capital LLC.
I recently obtained a domain name loan from Domain Capital and thought that sharing a few things about my experience in the way of a Domain Capital review might be helpful for anyone that is considering domain name financing.
Vince Harasymiak from Domain Capital was the person who assisted me throughout the entire process and I can honestly say that he was an absolutely great help. I was on somewhat of a tight schedule because the 29 premium domain names that I was trying to buy were all being sold in an open auction at GoDaddy and I was under a time constraint to be able to purchase the domain names via the buy now option before the time was up.
Vince had me fill out the standard required paperwork that is required by Domain Capital (financial documentation, desired domain names, non-disclosure agreement [I have already double checked with Vince to make sure that it was acceptable for me to write this post as long as I do not give away any real specifics), etc.). I emailed the paperwork back to Vince and had a decision in less than a day.
A few things that I really loved about working with Domain Capital was that Vince was available by email or by phone pretty much whenever I had a question, the financing approval was extremely quick, and they offered an automatic draft option for my monthly domain name loan payments.
All in all, I would definitely recommend working with Domain Capital LLC if you are considering financing the purchase of a premium domain name that has a purchase price of $10,000 or more (Domain Capital specializes in financing for premium domain names that generally cost over $10,000 – if you are looking for a short term domain name loan for a domain name that costs less than $10,000 then you may want to check out Rick Latona’s DigiPawn).
Do you have any domain name financing stories? Who would you recommend for a domain name loan?
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Hi,
I thought DigiPawn was for domains you already owned that you
can use as collateral.
Has that changed?
Can you now use DigiPawn to finance purchases?
I don’t have any personal experience with DigiPawn as I have never used them but I think that with DigiPawn they hold your domains as collateral and then give you cash for either 30,60, or 90 days.
Rick Latona owns DigiPawn and just recently released DigiLoan which is similar in nature to Domain Capital.
Does anyone else have any experience with DigiPawn?