Process/Proceedure | verbeekfinancier

PROCESS/PROCEEDURE FOR FUNDING.

Requirement

Client should be ready to provide each of the following below:-

- Since our investors are private investors and or our partner banks, we have a fixed interest rate of 3% per annum. The loan duration can be from 5 to 20 years with one- or two-years grace period.

- The borrower must be able to provide an acceptable insurance as collateral.

- PROJECT EXECUTIVE SUMMARY/BUSINESS PLAN

- FEASIBILITY STUDY

- CORPORATION NUMBER (COMPANY REGISTRATION)

- BORROWER'S ID (INTERNATIONAL PASSPORT, DRIVERS LISENCE ETC.)

- COMPANY FINANCIAL ANNUAL REPORTS

- INVESTMENT PLAN.pdf

- SCHEDULE OF DISBURSEMENT TO INVESTMENT PLAN.pdf

- DEBTS SERVICE ANALYSIS.pdf

- ANNUAL PROJECTION PROFITS AND LOSSES (Funding Period).pdf

- CASH FLOW PROJECTION (Funding Period).pdf

- STATEMENT OF ACCOUNT FOR THE PAST 3 MONTHS

Due Diligence

At Verbeek Financier we will always carry out a credit reference search when we receive a letter of intent regarding a loan/project financing and this will help us make a decision on whether or not we're able to lend to you. We'll then let you know the decision and what the status of your application is. At our request you must provide us with the documentation that we need to make a well-informed decision. Due diligence is a general investigation by Verbeek Financier that includes specific elements which may vary based on the situation: - Identify areas of potential risk - Assess current management - Evaluate systems and procedures - Identify strengths and weaknesses of the project/business target - Provide valuation services - Analyze cash flows, balance sheet assets and liabilities - Evaluate trends and management’s forecast - Exit Readiness Due diligence in this regard to Verbeek Financier is required in two aspects:

1. Initial due diligence – this step is necessary in evaluating what risk is involved in funding any projects/clients with an entity prior to establishing a relationship and assesses risk at that point in time.

2. Ongoing due diligence – this is the process of periodically evaluating each overseas projects in maintaining the contractual terms during such period. This process will be performed indefinitely as long as a relationship exists. This process should be performed on all relationships regardless of location and is often part of a wider Integrity Management initiative.