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 100% Funding |
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100% DEBT FINANCING PROGRAM (DFP) LOAN SIZE (USD/Euro) $5 million - $5 billion PROJECT TYPES International projects in stable countries. Only quality projects with validated solid future growth, cash flow & good management will be approved. TYPE OF LOAN 100% Debt Financing. Loan Term can be between 5 to 10 years- will consider up to 20 years case-by-case. COMPULSORY REQUIREMENT A Stand by Letter of Credit (SBLC), Bank Guarantee (BG) or Certificate of Deposit (CD) equivalent to 15% of the total loan amount is required.(if a Borrower is unable to offer the 15% compulsory requirement, please contact us to discuss what options are available) The instrument must be issued in favour of the funding source. If the Borrower has the equivalent amount of 15% in liquid funds (cash), these funds could be blocked in an account acceptable to the funding source (subject to funders approval) The instrument/blocked funds will remain on deposit for a period of 12 months. The instrument will be liquidated at the end of the 12 months, or the blocked funds will be released. The liquidated/blocked monies will be assumed by the funding source at the end of the 12 month period as the first 15% principle repayment towards the Debt. The Borrower will receive 100% funding throughout the first 12 months or as per the agreed funding schedule. SECURITY During the period of the loan, equity in the amount of 51% is required by the funding source. There is NO participation on the profit required on this equity. Full equity will be returned to the Borrower upon final payment of the capital. A representative of the funding source will be nominated to follow the business of the Borrower. LOAN DISBURSEMENTS [1] All funding will be fully audited. [2] Funding is against invoice or other verifiable payment agreement. [3] Funding in accordance with a pre-agreed funding schedule. FUNDING COSTS [1] Facilitation Fee –Euro 30,000 (min) payable to our source upon signing their Facilitation Contract (quoted cases-by-case). [2] Closing Fee – 3%-5% upon success (quoted cases-by-case). [3] Administration Charge – up to 1% of the facility amount, payable to the funding source annually in advance for the term, (quoted cases-by-case) – first year is taken from the funding. [4] Insurance Charge – up to 0.75% on reducing balance basis, payable to the funding source annually in advance for the term, (quoted cases-by-case) – first year is taken from funding. APPLICATION PROCEDURE [1] All documents submitted for review. [2] Project reviewed and submitted to the funding source for approval to proceed and gather further information on the project and project owner. (if showing Cash proof-of-funds) [3a] Provide latest bank account statement showing the availability of the 12% proof-of-funds (this could be local currency). (if using a Bank instrument to show proof-of-funds) [3b] Provide a Draft copy of the issuing bank’s proposed Bank instrument as well as a commitment letter from the issuing bank (with two bank officers signatures) indicating that the bank is prepared to issue the instrument to the Borrower. [4] Facilitation Contract signed and Facilitation Fee paid. [5] Borrower meets with the funding source to negotiate the Memorandum of Understanding. [6] Original copies of all documents must now be provided and verified. [7] Memorandum of Understanding signed by the funding source and Borrower. Often, the applicant would be asked to visit our source in London to sign Contracts. [8a] Bank Instrument assigned with the funding source as the Beneficiary. Standard International bank-to-bank verification / compliance checks completed. [8b] 51% Equity transferred to the funding source. [9] First tranche of funding usually disbursed within 45 business days from the date the Bank Instrument and 51% Equity have been received by the funding source. [10] The funding will be in USD/Euro only. Are you a serious prospect who is ready to move forward? if so, please contact us. back Click here for a quote request. |
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