|
What size of Contracts can be financed? |
| PHI
secures Foreign Buyer Financing generally for export transactions
in the range of at least $250,000 to $10,000,000. We are however prepared
to consider both smaller and larger deals on a "case by case"
basis. |
| What
type of information is typically required to secure financing? |
- Brief
Description of the Project:
Provide a brief summary of the organization and management team,
and a general outline highlighting how the funds will be used
on a particular project, i.e. for what equipment, parts and supplies.
- Financial
statements:
Financial statements or annual reports are required for the past
three fiscal years. Statements must be in presented in a format
in accordance with generally accepted accounting principles such
as GAAP.
- Credit
Bureau Report:
the Foreign Buyer should be prepared to provide a recent credit
report which shows that the foreign buyer has been in business
for a minimum of three (3) years, and have favorable bank and
supplier credit ratings.
-
Trade References and Bank References:
References letters should be presented on the Trade Reference's
Corporate Letterhead, or in the case of a Bank Reference, on the
Bank's Letterhead. The reference letter should include complete
details concerning supplier lines of credit, credit experience
or borrowing facilities granted.
- Personal
Guarantee:
The personal guarantees of the principle shareholders of the firm
is generally required for companies with annual revenues of less
than fifty ($50) million in annual revenues.
|
| How
long will it take to secure funding? |
| Typically
when a complete set of documents and financial statements are presented
to the Lender for review and analysis, the approval process can be
completed within 45 days or take as long as 180 days. |
| |
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