Joint Venture (JV) Project Funding
Our association with a Private Fund in existence for over 100 years now allows us to submit qualified Projects for review and funding. Subject to the Project meeting their funding requirements, below are some details:
- This is a pure JV funding program (no debt, no interest)
- Application is by invitation only.
- Projects and principals must fall within the program guidelines and must possess the financial strength to qualify.
- The funds are semi-philanthropic in nature so projects with Humanitarian, Job Creation, and/or overall societal and area benefits will have priority and move faster through the process
- The funding is intended to fund “qualified” companies and/or projects using one hundred percent (100%) Equity Capital.
- All funds, when received, will be certified bank to bank, that they are clean and originate from a non-criminal, non-terrorist source as defined by both Rico and Patriot Acts.
- All funds for US projects will be disbursed directly to the Applicant’s account from a United States Correspondent Bank or Financial Institution with disclosure “only” on a bank-to-bank basis as required by law. Disbursements to non US projects may be disbursed from foreign banks as determined by the Funding Source but will also maintain the same necessary disclosures on a bank-to- bank basis.
- Conditions and Requirement:
- Applicant must have project with a minimum funding request of Twenty Million United States Dollars (USD 20,000,000.00).
- Project must have a positive impact with regard to areas such as employment, ecology, technologies, housing, alternative energy, etc.
- Job creation is very important to the Funder and therefore, labor intensive projects such as factories, construction and renovation are encouraged.
- The projects must be viable and realistic undertakings that would otherwise (and perhaps in less difficult times) qualify for conventional financing.
- Applicants must also be qualified to manage and complete projects – Previous performance of Applicants and/or their identified partnering firms shall be evaluated before their projects are accepted.
- Qualified companies must be newly formed SPE’s, newly capitalized, bankruptcy remote entities. If your project is approved for funding, prior to receiving any Equity Investment funds, you may be required to form a new entity (SPE). The entity may be a partnership, LLC or a corporation.