Plate/GCGC - Newsletter 6/6/22 - Project Funding Intake Explained.
Siva Pillarisetty
Marketing Manager in the USA at Golden Crown USA, Inc. - International Project Funding
Project intake for funding occurs when a project owner has presented in enough documentation on a project to show it ready & bankable, and worthy of issuing a LOI.
These documents consist of the following:
- Business Plan
- Executive Summary
- CIS form filled out completely
- Initial considerations for funding form filled out completely on each project/acquisition. ( attached )
- LOI requesting funding
- Copy of passport, recent utility bill
- Certificate of company registration
- Financial statements, cash flow, balance sheet, and financial forecast
- Resume of board member
We call project funding intake - stage 1 & 2 DD, where we confirm we have interest, high chance of successful funding, data shows the deal is sustainable, viable, feasible, profitable, collateral declared is acceptable, or deal qualifies for financial insurance instead of collateral.
If these inspections are passed, then we issue the LOI to engage the process.
领英推荐
US Cell whats app: 1.224.216.0334
Loan () Debt Finance () Equity Finance
Rates: 2-4.5%
Tenure: 1-20 Years.
Grace Period: Up to 60 months
Amounts: 20M - 100B USD ( 10M USD min on a case to case basis)
Type: Simple interest loan , debt finance, equity finance, line of credit, etc.
Area: Worldwide
Success Fee: 1-5.5% ( loan amount can be increase to cover this cost )
Costs : Loans are for 100% of the development/tranaction, but will not cover pre development/tranaction costs to get project ready with a highly detailed set of documents, collateral or financial insurance( we can facilitate insurance to cover collateral gap see page 11 of co. profile), our retainers, cost of response preparation, etc. You can see by this, far less is required by the borrower, than other types of loans or financing where you may have to put up 5-35%