NamesCon: Spotlight on inteLend.com
NamesCon will be held at the Tropicana Hotel in Las Vegas, Nevada from January 11-14, 2015. Around 800 attendees are expected to attend the conference, and to date, there have been over 600 registrations.
If you have any questions or comments for Matt Collins or the team at inteLend.com, you are welcome to post them.
Can you tell us how long inteLend.com has been around as well as your background in domain financing?
inteLend.com has been in business since 2012 and is a successor company to DigiPawn. In other words, we’ve been in the domain financing business for well over fifteen years and are thus a leader in domain financing. Matt Collins, the president of inteLend.com has been involved in the domain industry since 1995 first as a practicing attorney working with domain owners and also operating companies such as DigiPawn, Globally Translated and inteLend.com.
What kind of financing options does inteLend.com offer?
inteLend.com offers two programs to help our clients with their financing needs:
a. Purchase Money Financing helps clients acquire new domains by financing up to 70% of the purchase price.
b. Domain Financing uses domains in a clients’ current inventory as collateral for a new loan.
What kind of situations can inteLend.com best help potential clients?
inteLend.com is best considered as a short term financing solution as every deal is a month to month, interest only program giving the client the flexibility to pay off the debt whenever the client is ready. This means the client is able to keep the funds working for him as long as he needs. Since every deal is a month to month deal renewable by paying the monthly finance charge, the client has maximum flexibility to run manage the financial needs of his company.
This will be your first time sponsoring at NamesCon. Can you tell us why you are sponsoring this year and what you hope to get out of NamesCon?
MPC: We’re excited to be a part of NamesCon and we’re eager to show the domain industry what inteLend.com offers and how we can be of service to various potential clients. While inteLend.com has been very successful so far, we’re looking to broaden our reach and using NamesCon as a platform to meet many new clients and tell our story. By sponsoring NamesCon, we believe that we can increase the scope of potential clients for our business. We strongly believe in the value of domains and the future prospects of our industry and we proudly invest our money in the value of domains every day through our clients
What are your thoughts on the new TLDs?
MPC: While I’m excited to see growth in the TLD space I strongly believe that the core value in the .com and .net space will remain superior to the new gTLDs. At this point, inteLend.com does consider the value of .com and .net domains superior to the gTLDs, but we really need to give these new gTLDs time to get established. Once these new gTLDs are established and set reliable value, then we can start loaning money on these extensions in addition to .com and .net.
Where do you see inteLend.com going in the next year?
inteLend.com is backed by an eight figure funding from a New York Hedge Fund so we have the funds ready to help our clients. I feel very positive about 2015 and I expect us to have a banner year. The domain market is robust and will create a lot of need for credit and we stand ready to help clients grow their businesses through creative financing solutions. Whether a client needs to borrow $3,000 or $300,000 we can help get the funding that a client needs.
You are a leader in the domain financing market, what are your thoughts about where the domain financing market is going in the next year?
Fortunately, the domain industry is seeing growth in value and inteLend.com is poised to help clients with short term financing needs. Because domain values are rising, smart clients understand the value of short term, flexible financing solutions that inteLend.com offers. With this in mind, I think the future is very bright not only for the domain financing market, but for the domain industry as a whole.