Step-by-Step Guide Towards Financing
1. QUALIFICATION
Client fills out a pre-qualification application. (Use the link below)
After review, applicant is advised as to whether or not they are eligible for due consideration for working capital financing.
2. UNDERWRITING
Client uploads the following documents in Xls or Pdf format:
2 years Financial Statements (Balance Sheet; Profit and Loss)
Current Year-to-End of Last Month - Balance Sheet and Profit & Loss Statements
2 years Financial Projections ( Balance Sheet; Profit and Loss)
Accounts Receivable (A/R) aging report (template will be provided)
4. FUNDING REQUEST
Notice of Assignment letters are sent to buyers and invoices are verified.
Borrowing Base Certificate issued to Client and if accepted then certificate is signed.
Client makes a Funding Request based on valid invoices.
Funds credited to a pre-funded international credit card.
3. TERM SHEET
If after loan underwriting the Client’s application is approved, then a Term Sheet is offered.
5. LINE PAYDOWN
Buyers are notified when invoices are due.
Buyers pay invoices that are due to Lender’s Master Account.
Paid invoices are reconciled and payment less lending fees are credited to the client’s account.
Client can make a new Funding Request based on available credit.