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Steps to Successful Funding
Step 1. Submit a complete package to an approved IGI Broker for Project Acceptance.
Step 2. The project overview is presented to Investors.
Step 3. Investors determination of interest 3-days
Step 4. Investors' Due Diligence is performed 3-weeks.
Step 5. The broker submits the JV Proposal. If Investor Accepts project shares. The JV contrac
Step 1. Submit a complete package to an approved IGI Broker for Project Acceptance.
Step 2. The project overview is presented to Investors.
Step 3. Investors determination of interest 3-days
Step 4. Investors' Due Diligence is performed 3-weeks.
Step 5. The broker submits the JV Proposal. If Investor Accepts project shares. The JV contract is executed.
2- Days
Step 6. Broker Bank executes the RWA and IDMPA.
2-days
Step 7. The broker submits the insurance, investment package, payment schedule, and Liability Agreement between Broker and Investor along with the processing fees.
5-Days
Step 8. Bank BPU. 2-days
Step 9. Broker Escrow is Funded. 3 days
The broker approves the release of funds and verifies the stages of completion. IGI fund the Broker and the Broker funds the Clients Projects.
The Big Question:
How long does it take for funding?
It depends on you. For those who qualify, be sure to submit a complete packet and respond quickly for faster funding times.
Project Investment Proposals
A company or entrepreneur, foreign or domestic, seeking to establish a new venture or expand an existing enterprise can engage IGI through an approved broker.
Proposals can be submitted to IGI by the Owner with the Brokering agency approval.
Investment Proposal preliminary information:
1. Brief description of project.'
2. Sponsorship,
A company or entrepreneur, foreign or domestic, seeking to establish a new venture or expand an existing enterprise can engage IGI through an approved broker.
Proposals can be submitted to IGI by the Owner with the Brokering agency approval.
Investment Proposal preliminary information:
1. Brief description of project.'
2. Sponsorship, management & technical assistance:
o History and business of sponsors, including financial information.
o Proposed management arrangements and names and curricula vitae of managers.
o Description of technical arrangements and other external assistance (management, production, marketing, finance, etc.).
3. Market & sales:
o Projected production volumes, unit prices, sales objectives, and market share of proposed venture.
o Potential users of products and distribution channels to be used.
o Present sources of supply for products.
o Future competition and the possibility that the market may be satisfied by substitute products.
o Tariff protection or import restrictions affecting products.
o Critical factors that determine the market potential.
4. Technical feasibility, manpower, raw material resources & the environment:
o Comments on special technical complexities and the need for know-how and special skills.
o Possible suppliers of equipment.
o Availability of manpower and of infrastructure facilities (transport and communications, power, water, etc.).
o Breakdown of projected operating costs by major categories of expenditures.
o Source, cost, and quality of raw material supply and relations with support industries.
o Import restrictions on required raw materials.
o Proposed plant location in relation to suppliers, markets, infrastructure, and manpower.
o Proposed plant size in comparison with other known plants.
o Potential environmental issues and how these issues are addressed.
5. Investment requirements, project financing, and returns:
o Proposed financial structure of venture, indicating expected sources and terms of equity and debt financing.
o Type of IGI financing (loan, equity, quasi-equity, a combination of financial products, etc.) and amount.
o Projected financial statement, information on profitability, and return on investment.
o Critical factors determining profitability.
6. Government support & regulations:
o Specific government incentives and support available to the project.
o Expected contribution of the project to economic development.
o Outline government regulations on exchange controls and conditions of capital entry and repatriation.
7. Timetable envisaged for project preparation and completion.
8. Provide the following:
o Licenses, Patents, Prototype
o Regulatory Compliance Approval
o Major Competitors
o Target Market
o Manufacturers Contracts
o Management Contract
o Test Market Report/Survey
o Marketing Contract
Loan Document Requirement
Loan Document Requirement
1. Business Plan
2. W-9 for the borrowing entity
3. Entity documents for the borrowing entity
o EIN Letter
o Operating agreement
o Articles of organization/ incorporation.
4. Personal financial statements from all guarantors
5. Two most recent months bank statements for both the borrowing/operating entity and each guarantor
6.
1. Business Plan
2. W-9 for the borrowing entity
3. Entity documents for the borrowing entity
o EIN Letter
o Operating agreement
o Articles of organization/ incorporation.
4. Personal financial statements from all guarantors
5. Two most recent months bank statements for both the borrowing/operating entity and each guarantor
6. 3 years most recent tax returns for the borrowing entity OR operating company, if the borrowing entity is a RE holding company.
7. Copy of GC license or equivalent
8. Copy of driver’s license
9. Evidence of current general liability coverage
10. Evidence of current workman's compensation insurance coverage or signed letter stating no employees
11. Verification of current loan balance if refinancing
12. Plans
13. Cost breakdown
14. REPC if acquisition OR settlement statement for the land purchase
15. Plat map
16. Pre-sale contract(s), if available
17. Permits, if available
18. Soils reports, if available
19. Other reports as requested.