Domestic Lender Loan Program
NOTHING CONTAINED HEREIN IS INTENDED NOR SHOULD IT BE CONSTRUED AS A GUARANTEE OF FUNDING OR PERFORMANCE. THIS PROGRAM IS SUBJECT TO CHANGE AND/OR WITHDRAWAL WITHOUT NOTICE.
Brown Capital Funding International (BCFI) is a private equity firm founded over 50 years ago, and today we are ideally poised to lend in politically stable, dynamic and fast-growing markets across the globe. Our business focus is financing and supporting compelling business ventures led by solid owners and management. Our driving passion revolves around creating high paying middle income jobs in the US and across the globe.
As financiers we specialize in funding business ventures with NO minimum and NO MAXIMUM in virtually any industry or sector. The only restriction placed on the amount of financing requested is the business plan and the team implementing the plan must be realistically feasible and capable. In other words, the amount of money requested has to be justified in terms of the Borrower's ability to use the funds appropriately and repay the loan. We will consider profitable business ventures in most industries.
Lending Program Description
Our DOMESTIC LENDER Loan Program was developed through a private, U.S. based, lender and is available to most qualified existing or startup companies, projects, partnerships, societies, or other legal entities. The lender will provide 100% financing and assume 100% of the risk of the venture
The DOMESTIC LENDER Loan program allows a Borrower to enjoy interest rates as low as 3-4% per annum (APR) for a self-amortizing loan term/period of 15-30 years with flexible options to reduce principal payments without any prepayment penalty. If necessary, the Loan Applicant may also defer beginning loan payments until month 13, 25 or 37.
The Lender expects successful Applicants to provide collateral to secure the business loan. The Lender is flexible with this requirement, however the Lender must secure collateral before loan approval. The Lender will accept any of the following as Collateral: the Business or Project, Real Estate, Certificate of Deposit (CD's), Cash, and/or a Bond.
Job Creation Requirements
All successful DOMESTIC LENDER Program Loan Applicants must demonstrate the potential to create or retain jobs through their business venture.
The Applicant must demonstrate management capacity and/or willingness to accept close management consultation and technical assistance throughout the life of the loan. This requirement is dependent upon the Lender's assessment of the applicants management capacity.
The Lender does not weigh an applicant's personal credit history in determining the worthiness for a business loan. DOMESTIC LENDER Loan decisions are based upon an Enterprise's ability to create or retain jobs, the principal's management ability, the businesses available cash flow to repay the loan, and collateral for the loan.
Loans will only be issued in politically stable countries. Ventures without sound and clearly identified means of generating the cash flow and capital needed to make the required loan payments will not meet the Lender's requirements. Specifically, the Borrower will need to demonstrate that their project is at the "shovel ready" stage with off-takes, if applicable, and where any and all government regulations, permits, licenses, fees or any other similar restrictions, obstructions or "hurdles" have already been cleared, or will, imminently, be cleared.
Steps To Funding
The DOMESTIC LENDER Loan Committee will approve or deny a funding request within 60-90 days upon submission of :
- Application/documentation and
- Creation of a separate corporate entity for the purpose of opening and funding a Good Faith Account. (SEE BELOW) This assumes the Borrower is timely in the processing and returning of all required documentation.
Due to the volume of funding requests received, the loan committee requires all loan applicants to be ready to move forward expeditiously with the following steps in the indicated order, to avoid any delay in funding.
STEPS 1 & 2 MAY HAPPEN CONCURRENTLY AND MUST BE COMPLETED IN ORDER TO PROCEED TO FURTHER STEPS.
- Funding of a Good Faith Account (see below)
- The Borrower submits to BCFI the following: (Please reference each of the items shown in section 2.1 - 2.7.4 below, (including the item number) in the file name/title AND body of each document contained in the package that you submit, along with the last edit date in the title of each file submitted) Digital submissions via email are required.
2.1. PPA/NCND (Profit Participation Agreement/Non-Compete, Non-Disclosure Agreement) The lender will 100% finance the venture and assume 100% of the risk of the venture. With this agreement, the borrower and lender will establish an agreed upon share in future profits for the life of the venture.
2.2. Current corporate, partnership or other legal business entity P&L and Balance Sheet financials on the contemplated venture/business
2.3. Copies of any Contracts, LOIs or Quotations relating to the project
2.4. Current project Budget and detailed Use of Funds Statement
2.5. Any available Feasibility Study(ies) and other descriptive or promotional material
2.6. A 10 Year P&L pro forma evidencing the ability to service the debt. The loan will be self- amortizing with a 15-30 year term.
2.7. Required documents:
2.7.1. "Business Plan" showing project feasibility and worth
2.7.2. Financials showing the use of funds (Start Up Cost Summary)
2.7.3. 10 Year P&L Pro forma
2.7.4. 10 Year Pro Forma Cash Flow analysis
- BCFI initiates its due diligence.
- BCFI completes its due diligence and submits the Borrower's project to the Lender.
- The Lender analyzes the Borrower's project and loan request and makes a decision on whether to proceed, within 3-7 business days (Preliminary Approval).
- If the loan receives Preliminary Approval, the Lender will respond to the Borrower with: 6.1 A Letter of Intent (LOI) and Profit Participation Agreement
6.2 Commitment Letter and a Term Sheet
6.3 A formal Loan Application for obtaining financing
- Once BCFI receives an executed copy of the LOI then BCFI will prepare a Commitment Letter and a Term Sheet and submit to the Borrower
- Formal loan documents for obtaining financing will be prepared and delivered to the Borrower no later than 2 weeks prior to closing.
- Upon closing, the approved loan proceeds will be deposited via wire transfer into the Borrower's bank account in the country where the project is located according to a schedule of drawdown payments agreed upon in the closing papers.
- The Central Bank for the DOMESTIC LENDER will authorize all of the transfers and will provide all the paper work to the relevant international agencies declaring the funds to be safe, legitimate and fully compliant with all pertinent, applicable international and US laws and regulations.
The owner of the funds for the G.F.A. would have 100% control of the deposited funds as the sole signatory and by depositing the funds into the account of the separate corporate entity.
It is imperative that every step of this process be EXACTLY followed in order to make funding possible and avoid any delay in your funding.