What is Project Financing |
Project Financing Procedures |
Loans on a Worldwide level are available against :
Any Type of Security - Any Type of Government Issued Note or Bond - Any Bank Instrument - Any Currency Bills or Notes - Virtually Any Form of Paper that can be Bought, Sold, or Traded.
Some Examples Are:
All instruments pledged must meet the
following criteria to qualify as acceptable security.
Letter of Intent to Request Funding: This is a simple letter
from the borrower, signed, dated, with borrower's corporate seal, and
notarized, stating the amount of funds to be borrowed, the required
interest rate and for the required period - how many
Does your bank request a "proof of funds" from the Lender before they will issue the guarantee or any kind of letter of intent to guarantee? If so, the deal is over and you need to find a new bank. These institutions are attempting to use other peoples funds to create guarantees, placing all risk on our lenders. You should be careful of any and all "proof of funds" deals.
Usually after a copy of the instrument was obtained and verified with the bank's officials, a proof of funds will be done on a bank-to-bank basis. At the right time, the guarantor bank will be provided with the full swift and KTT coordinates and there will be a mutual secure confirmation of the funds and the guarantee. After the signing of the contract to fund by the borrower, this process will be repeated when the funds are transferred to the borrower's account, and the guarantee is transferred to the lending bank's account. The a contract Offer to Fund will be issued if it's a legitimate instrument verifiable by Swift. If this is acceptable to the borrower, a bank-to-bank funding will take place, using the same secure method used to confirm the guarantee and the funds earlier.
Email: email@example.com Main web site at: EagleTraders.com
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