General Information
The interest rate for Government Guaranteed Loans can be as low as Libor + a fraction or more. Terms can be up to 20 years or more. The interest rate for Commercial projects will be struck at a negotiated competitive ate commensurate with the value and strength of the project itself and overriding interest rate trends tied to that of the selected lender. If you wish to apply for funding, the following documentation should be ready (almost complete).
|
The reason that your documentation should be complete / almost complete is that if a Lender shows interest in providing the funds for your project and the Executives of the financial services company effectively have approximately 4 – 6 weeks to be positioned to sit down with the lender in submitting their client’s complete presentation of the project file. Unfortunately, many a project opportunity has been lost because the borrower was not 100% committed to seeing their project through to funding.
STANDARDS OF DOCUMENTATION
The Feasibility Study / Business Plan and other related documentation must be of the highest quality / professionally prepared documentation. Preferably, all documentation should be in ‘word.doc’ / ‘pdf’ or similar format. Single scanned pages of a Business Plan or Feasibility Study are NOT acceptable documentation. Your documentation will be reviewed by Lenders who are PROFESSIONALS, and they expect that their clients will also fit into the ‘professional’ category – after all, you are applying to borrow a large sum of money.
APPLICATION FOR FUNDINGYour application for funding is free of charge.
• If your project is ‘approved in principal’ by the Executives of the financial services company, you will be advised of the next step – i.e. they may request that additional documentation to be sent, OR you will be advised of their due diligence / consulting fee and the visit to meet you requirements. |
THE DUE DILIGENCE
The due diligence / Professional Consulting Fee is fully refunded and deducted from the agreed commission upon closing of the transaction to the clients account. Therefore if you are 100% committed to seeing your project through to funding (and assuming that your project is viable), you will be funded. We work with several Financiers and Lenders so their procedures and fees are different ones.
One of our financial partners located in Germany does the Due Diligence verification free of charge. But all the expenses related to the transportation, the other additional expenses and his daily fees will be paid by the client.
One of our financial partners located in Germany does the Due Diligence verification free of charge. But all the expenses related to the transportation, the other additional expenses and his daily fees will be paid by the client.
INTEREST RATE
The interest rate cannot be determined at this stage because it depends on the project, the strength of the project and the Lender (banker) ho will be providing the funds for the project. Also, interest rates can be fixed or variable. The interest rates are a matter for discussion between the Executives of the financial services company and the client during the visit stage. However, we can totally assure you that the interest rate will be the most competitive possible to suit the needs of your project requirements.
|
THE EXECUTIVES OF THE FINANCIAL SERVICES COMPANY COMMITMENT TO YOU
The Executives of the financial services company will be with you and your project for the life of your loan, to guide and assist you as required.