| SBLC
FINANCING
Updated
April 3rd, 2011
Wooden
Nickel Funding is glad to offer loans secured
against bank-issued instruments such as Stand-by Letters
of Credit (SBLC). We are simply a private group of
investors looking to fund projects with the backing
of solid financial instruments. We provide Pre-advice
in all cases and in many other cases we will
provide the funds for your bank-issued financial instrument
BEFORE your bank actually issues
the instrument to ensure 100% comfort level for you
and your bank. If you'd like to apply for our SBLC
Financing, simply click
here now.
We
customize our loan programs for a variety of different
borrowers and traders. During the entire period of
deferment our borrowers are not required to make any
interest payments whatsoever. The result of this structure
is that the Borrower receives a net amount of capital
to implement its project at a cost lower than other
means of obtaining capital. We will typically loan
100% of the face value of the SBLC instrument. We
will subtract our fees (and broker fees) directly
from the loan proceeds so you do not have to put up
any cash. We offer two different SBLC loan programs.
The standard program we offer is for SBLC loans with
a term of 3-5 years in length. The other program we
offer is for a shorter length of term.
The
general parameters of our standard SBLC loans are
as follows:
- Loan
Amounts between $1million and $100million
- Loan-to-Value
of up to 100% of the Face Value
- Interest
Rates between 7% and 9%
- Origination
Fee between 1 - 3 points
- The
length of loan terms are 12 - 60 months
- Quick
turnaround times and all fees taken from loan proceeds
Information
we will require for an SBLC Loan Request:
- Executive
Summary and/or Business Plan
- Explanation
of the use of funds
- Profit
Projections and/or Performa
- Articles
of Incorporation
- Corporate
Bank Statements (if any)
- Resumes
and/or Bios of Principals
- Resumes
and Credit Reports of Personal Guarantors
- Operating
Agreements with Collateral Partners (if any)
- Sample
Text of SWIFT Messages from Issuing Bank
- Name
and Phone Number of Legal Counsel
- Name
and Phone Number of your direct bank contact
The
specific terms and paramters of any loan secured against
any instrument other than an SBLC may vary depending
on market conditions and the specifics of your project.
We seek to offer Quick Turnaround times. From the application
to funding there is usually a two week process. We are
VERY FLEXIBLE!
If
you are interested in seeking an SBLC loan from us simply
click
here or call our offices at 1-877-752-5601.
Be ready to bring your bankers, collateral provider,
and attorney on board. We are ready to bring ours!
Click
here to Apply for an SBLC Loan
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