COSTS AND FEES
It is impossible to predict the terms associated with a particular funding project given there are so many variables to be taken into consideration by the funder such as risk profile, amount, term, equity or debt, loan to value, stage of company.
What we ensure is the funding offered will be as competitive as possible given the precise criteria of a specific project or company requiring the funding.
We request as much information as possible to gain an overview of the funding required and its potential of success. We do not want to waste anyone’s time and money trying to obtain funding for a project that has fundamental flaws. If any flaws can be overcome we will advise the client accordingly with the hope that the business model can be changed. If they are fatal then we reject the project. Once we fully understand the proposal and the funding requirements we talk informally with our funder to ascertain potential levels of interest.
If we gain positive feedback we request our Mutual Non Disclosure Non Circumvention Agreement and or Fee Agreement is executed and make arrangements to meet the clients or the project if practicable.
We instruct IYE Global to undertake investigations into the principals and company to ensure there are no surprises down the line. This report will form part of the submission documents.
We work with the client to prepare the presentation documents as it is crucial the documents are in a format with content that is pertinent to the funder. Once complete and before the documents are submitted disclosure of the funder is given (to the principals only) to ensure the client is satisfied and completely comfortable that the funder is credible, legitimate and someone they would like to work with. Only when a client is completely comfortable with the funder do we submit the comprehensive formal submission documents package to the funder. We work with the client and the funder through the due diligence process with the aim of getting to the execution of the funding contracts as expeditiously as possible. We attend the meeting to execute the funding documents that allows the client to draw down on the agreed facility if required.
Intermediary fees have to be included in the financial projections and agreed with the funder as they have to ensure it does not impact on the viability of the project to be funded or is contrary to any funding terms. It may be we have to take a view and reduce this if the funder insists. The primary goal is to get the project funded.
Once we reach closing the funder pays our fees directly. At this time our services are complete although we have a large professional network and can bring added value to the table to support the viability and success of the project. If further funding is required our fees apply to all and any funding offers.
Initial Overview
No Fee
Review available information to determine the viability of the proposal and interest to our funder
Informal discussions with the funder to ascertain the level of interest
Submission
Execution of the Mutual Non Disclosure Non Circumvention Agreement
Payment of a £2,500.00 fee transferred directly from the principals/companies bank account
Instruct IYE Global to undertake investigations into the principals and company
If the IYE investigations are positive disclosure of the funder (to the principals only)
Meet clients or see project if practicable (if outside the UK direct expenses charged to client)
Review and amend full business plan and cash flow for formal submission
Interface with the client and funder for questions and comments
Arrange and chair initial conference call or face to face meeting
Arrange and chair subsequent conference calls or face to face meetings
Liaise with the funder and the client to expedite the due diligence process
Ensure a prompt process to contract documents
Attend final meeting for contract signatures