Investment Guidelines

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Loan Requirements:

  1. Formal letter applying for credit and completed loan application.
  2. Detailed project description with purpose, location, scope, and duration.
  3. Memorandum of Association.
  4. Articles of Association.
  5. Certificate of Incorporation.
  6. Audited financials for the last 3 years.
  7. Financial model including:
    •      — Detailed description of assumptions.
    •      — Projected cash flow, balance sheet, and income statement for 5 years (examined).
  8. Board of Directors Resolution authorizing the loan and any related approvals such as those authorizing collateral.
  9. Details of the Shareholding structure.
  10. Organizational Chart.
  11. Documents of Collateral to be used  – land, building, and equipment.
  12. Copy of land certificate(s) and/or other ownership documents.
  13. Copy of current loan agreement (if refinancing).
  14. Copy of insurance policy.
  15. Copies of relevant contracts.
  16. Copies of relevant permits.
  17. Background, character reference and experience of the principals, directors, and key personnel.
  18. Bank references from 2 financial institutions.
  19. Valuation report – land, buildings, & equipment at applicant’s cost.
  20. Statement of the projected growth in employment or other positive economic impact.
  21. Construction – building plan, bill of quantities, permit and other pertinent documents.
  22. Site visit, asset verification, and review of GL accounts may apply.
  23. Any other pertinent information required during the due diligence process.
  24. Payment of applicable loan processing fee (non-refundable).