My funding sources are providing funding for worldwide projects of $ 500,000 or more in US Dollars in exchange for debt (development & loan financing), purchases & sales if you meet the criteria below.
Types of funding…
• Development (for Apartments, Condominiums & Townhouses)
• Financing (for Commercial Buildings, Industrial Buildings & Property)
• Purchases & Sales (for Businesses)
Additional funding is available for financing, purchases & sales of…
• Multiple Family Buildings (Financing, Purchases & Sales)
• Office Buildings (Financing, Purchases & Sales)
• Raw Land (Financing, Purchases & Sales)
• Retail Building (Financing, Purchases & Sales)
• Strip Mall (Financing, Purchases & Sales)
• Warehouses (Financing, Purchases & Sales)
Available for both start up (pre revenue) and existing companies
All countries are eligible
If you are contacting me to request funding, you need to be one of the executives of your business (preferably the C.E.O.), legally capable of signing a contract on behalf of your business.
Please mention this EXACT blog post when applying (copy & paste the title of the blog post within your e-mail)
Send an e-mail to me at ifindfunding@gmail.com
Feel free to also follow me on twitter at Ifindfunding. I will "tweet" all updates.
I am also on facebook at Ifindfunding.blogspot.com/
Sunday, March 25, 2012
Friday, March 23, 2012
EXISTING COMPANY SEEKING FUNDING OF 1 MILLION + USD IN EXCHANGE FOR DEBT OR EQUITY ?
Contact me if you work for an existing company (has cash, accounts receivable, inventory, other assets, revenue, EBITDA & net profit) seeking funding of 1 million + US Dollars in exchange for debt (loan) or equity (ownership).
Only executives (preferably the C.E.O.) legally capable of signing a contract on behalf of the company requesting to receive funding should contact me.
Please mention this EXACT blog post when applying (copy & paste the title of the blog post within your e-mail)
Send an e-mail to me at ifindfunding@gmail.com
Feel free to also follow me on twitter at Ifindfunding. I will "tweet" all updates.
I am also on facebook at Ifindfunding.blogspot.com/
Only executives (preferably the C.E.O.) legally capable of signing a contract on behalf of the company requesting to receive funding should contact me.
Please mention this EXACT blog post when applying (copy & paste the title of the blog post within your e-mail)
Send an e-mail to me at ifindfunding@gmail.com
Feel free to also follow me on twitter at Ifindfunding. I will "tweet" all updates.
I am also on facebook at Ifindfunding.blogspot.com/
Friday, March 9, 2012
DUE DILIGENCE FEES
DUE DILIGENCE FEES
I receive so many questions about this, that I am making this a separate blog post in the hopes of explaining it clearly.
I work with many funding sources worldwide. They do not charge upfront fees (when an applicant is charged money to be accepted as a client), and there are plenty of companies that do charge those fees, in addition to “retainer” fees to remain as a client of the funding source after you have already been charged upfront fees.
However, it is very important that applicants understand that they are expected to cover the cost of the funding source’s investigative work and travel to their company during the due diligence process. Investors do VERY THOROUGH due diligence before deciding whether to invest in a project, and ALL applicants go through due diligence, most at their own expense because way too many applicants lie and submit fraudulent applications that become declined.
I have some investors that do not charge for due diligence but they have VERY STRICT criteria that deliberately eliminates almost all applicants because they are very selective in whom they wish to invest with. If you read ALL THE WAY THROUGH THIS WEB SITE, you will read the exact funding programs and the specific criteria for the funding programs that have ZERO due diligence fees. For ALL OTHER FUNDING PROJECTS, due diligence fees apply, that is the norm in the investment industry.
An enormous issue within the banking and investment company industries is the growing, alarming percentage of applicants who commit fraud. Borrower fraud has become the biggest problem in the investment industry, because applicants who are being rejected by banks and investment companies, who have been searching for funding for years, unsuccessfully attempt to receive funding by submitting fraudulent applications for funding. The applicants who complain the most about due diligence fees are typically the ones who are attempting fraud, banks and investment companies know this from years of experience. All of my investor partners calculate that AT LEAST 50 to 75 percent of applicants are caught lying and committing fraud after submitting an application to receive funding. It’s one of the MANY reasons investment companies hire THOROUGH due diligence companies to investigate all applicants before investing millions, sometimes billions, of dollars into applicants’ companies. Because of prior applicants who breach contracts and commit fraud, due diligence will ALWAYS be used by banks and investment companies before they give money to applicants, if you want to blame anyone, blame the applicants before you who are caught committing fraud, as a result, applicants are not trusted as being honest until AFTER due diligence is completed.
I have some investors that do not charge for due diligence but they have VERY STRICT criteria that deliberately eliminates almost all applicants because they are very selective in whom they wish to invest with. If you read ALL THE WAY THROUGH THIS WEB SITE, you will read the exact funding programs and the specific criteria for the funding programs that have ZERO due diligence fees. For ALL OTHER FUNDING PROJECTS, due diligence fees apply, that is the norm in the investment industry.
An enormous issue within the banking and investment company industries is the growing, alarming percentage of applicants who commit fraud. Borrower fraud has become the biggest problem in the investment industry, because applicants who are being rejected by banks and investment companies, who have been searching for funding for years, unsuccessfully attempt to receive funding by submitting fraudulent applications for funding. The applicants who complain the most about due diligence fees are typically the ones who are attempting fraud, banks and investment companies know this from years of experience. All of my investor partners calculate that AT LEAST 50 to 75 percent of applicants are caught lying and committing fraud after submitting an application to receive funding. It’s one of the MANY reasons investment companies hire THOROUGH due diligence companies to investigate all applicants before investing millions, sometimes billions, of dollars into applicants’ companies. Because of prior applicants who breach contracts and commit fraud, due diligence will ALWAYS be used by banks and investment companies before they give money to applicants, if you want to blame anyone, blame the applicants before you who are caught committing fraud, as a result, applicants are not trusted as being honest until AFTER due diligence is completed.
If a client is not prepared to pay this due diligence fee, then funding sources will not work with them, this is not negotiable. Funding sources do not give millions of dollars to companies without a due diligence process beforehand. This is not only common sense it is good business sense. Go to a bank, apply for a loan, and see if the bank has you fill out forms, answer many questions about yourself and your company and pay fees related to applying for a loan, before you receive any money, then you'll better understand a due diligence process, and how this industry works.
ALL banks charge fees when applying for funding, go to your nearest bank, apply for a loan, the first question is do you have an account with our bank ? If yes, the bank wants to verify cash assets because banks and investment companies pay fees to accountants, attorneys, and industry experts related to your project. If you’ve ever hired any of these people, they charge hundreds of dollars per hour for their time and frequently want to be paid BEFORE they start working. Because of applicants who commit fraud, banks and investment companies will not absorb that cost only to find out later that you are a liar or a fraud, THAT IS WHY banks and investment companies ask all applicants to pay their fees for accountants, attorneys, industry experts, and a due diligence investigation to verify if you are honest or a lying fraud.
Funding sources verify the accuracy of all information submitted during the funding process and if an applicant has lied and submitted a fraudulent application, the project will be declined for funding. No funding source will “guarantee” funding because due diligence is required to verify the accuracy and honesty of the applicant and the applicant’s submitted paperwork, and some applicants lie. Again, go to a bank, apply for a loan, and verify that you will go through the exact same process, and pay non refundable fees to do so; it is the standard within the public and private banking industries.
ALL banks charge fees when applying for funding, go to your nearest bank, apply for a loan, the first question is do you have an account with our bank ? If yes, the bank wants to verify cash assets because banks and investment companies pay fees to accountants, attorneys, and industry experts related to your project. If you’ve ever hired any of these people, they charge hundreds of dollars per hour for their time and frequently want to be paid BEFORE they start working. Because of applicants who commit fraud, banks and investment companies will not absorb that cost only to find out later that you are a liar or a fraud, THAT IS WHY banks and investment companies ask all applicants to pay their fees for accountants, attorneys, industry experts, and a due diligence investigation to verify if you are honest or a lying fraud.
Funding sources verify the accuracy of all information submitted during the funding process and if an applicant has lied and submitted a fraudulent application, the project will be declined for funding. No funding source will “guarantee” funding because due diligence is required to verify the accuracy and honesty of the applicant and the applicant’s submitted paperwork, and some applicants lie. Again, go to a bank, apply for a loan, and verify that you will go through the exact same process, and pay non refundable fees to do so; it is the standard within the public and private banking industries.
Investors are interested in making profitable investments in which the client company and the investor both earn a lot of money. Funding sources will not use their own funds to investigate a project, and operate at a financial loss, neither will banks. Investments are about calculating the amount of perceived risk and managing that risk, and the due diligence process is about a potential investor finding out about the company seeking funding, the members of its management team, and gauging if the company is a potentially profitable investment.
Another reason investment companies perform due diligence is because some investments become uncollectible accounts receivable when the client is no longer able to repay debt. Many banks and investment companies went out of business because of the volume of clients who could not repay loans. As a result, banks and investment companies are going to perform due diligence to reduce the risk of lending money that is not repaid. It is also why banks and investment companies ask for notarized bank statements, audited financial statements, cash and non cash collateral, and independent appraisals within the last 30 days for non cash collateral, all of these are designed to reduce investors' risk so that they do not lend out more money that it is not repaid.
Funding sources’ due diligence fees occur before closing, before funding sources spend money to hire third party due diligence companies, and the applicant is expected to pay these expenses before the funding source begins its due diligence process.
Another reason investment companies perform due diligence is because some investments become uncollectible accounts receivable when the client is no longer able to repay debt. Many banks and investment companies went out of business because of the volume of clients who could not repay loans. As a result, banks and investment companies are going to perform due diligence to reduce the risk of lending money that is not repaid. It is also why banks and investment companies ask for notarized bank statements, audited financial statements, cash and non cash collateral, and independent appraisals within the last 30 days for non cash collateral, all of these are designed to reduce investors' risk so that they do not lend out more money that it is not repaid.
Funding sources’ due diligence fees occur before closing, before funding sources spend money to hire third party due diligence companies, and the applicant is expected to pay these expenses before the funding source begins its due diligence process.
Due Diligence includes but is not limited to the following:
Civil, corporate and criminal background checks on all principals and management team
Investigating the financial background of principals (personal and corporate)
Accounting fees - Assigning an accounting firm to run a parallel pro forma and to verify the accuracy of accounting data submitted
Travel to site and meeting with the principals if desired by the funding source
Hiring industry consultants to help evaluate the potential risk of the investment
Lien and title property searches
Consulting of lawyers for legal matters and preparation of legal contracts
Fees for due diligence vary by each individual project, your industry, your geographic location, and the expected costs of accountants, attorneys, industry consultants, etc. They are not negotiable. When travel is involved, fees will be higher. The decision of whether or not the funding source requires a face-to-face meeting is optional, decided by the funding source as part of their criteria before approving your project to receive funding, and is not negotiable.
I work with thousands of funding sources worldwide, the fees also vary by funding source, so do not ask me how much due diligence fees are for your project until after a funding source has verified interest in your project, a desire to proceed, and the funding source provides an invoice for the amount of expected due diligence costs, until then I do not know how much due diligence fees will be for your project.
Send an e-mail to me at ifindfunding@gmail.com
Feel free to also follow me on twitter at Ifindfunding. I will "tweet" all updates.
I am also on facebook at Ifindfunding.blogspot.com/
Subscribe to:
Comments (Atom)