Step 1:

Complete and forward an Executive Summary – description attached –

Step 2:

If after evaluation of your project (I complete my own reality check) the information reveals that the project is a profitable venture, a conference call is arranged with you.

Step 3:

After the conference call the funders moves forward with a letter of interest, a request is made for a formal package – in triplicate – the package will include;

• A Master Plan
• Pro-forma statements (5 years)
• Audited financial statements (2 – 3 years)
• Incorporation papers
• Public offering information (if the company has gone public)
• A resume of each of the companies principals
• Environmental & Zoning approval certificates
• Real estate Property evaluations (depending on the project)
• Etc..

Step 4:

An underwriter reviews the project and will contact the client with any questions.

Step 5:

Should a letter of Commitment by issued, a fee of .5 to 1% will be requested to cover the cost of putting the loan in place. (The fee is used to cover the accounting and legal work involved in setting up the contract, one of the major accounting firms will do the accounting work and a law firm as been contracted to complete the legal process) The retainer is insured and should the loan be declined at this late stage of the game the retainer is returned to you and all costs incurred is absorbed by the funder.

Step 6:

A closing date for the transfer of the loan is set

The funding process normally takes between 60 to 120 days depending on the client and their preparedness to pull information together on a timely basis.