THE PROCESS TO GET THE LOAN
The Borrower needs to sign the NDA and Service agreement with GPF, Fill the Loan Application, provide all the revenant docs that we required.
GPF will apply the loan to The Lender for The Borrower. The Lender will do Due Diligence about project for about 1 week, if all good The Lender will send the 3 first documents:
- The calculation of repayment schedule,
- Customer declaration
- Mandate letter
The Borrower signs, stamp and sends back to GPF, GPF will send to The Lender
The Lender will continue the process in about 3 or 4 days and sends The Borrower 3 new documents
- Administrative sheet
- True Copy Letter
- End Use Letter
The Borrower signs and sends back to GPF, GPF will send to The Lender
The Lender will arrange a call with The Borrower to ask for some basic questions about the project.
After the call the Lender will send the Loan Term Sheet that will also state the Attorney Backup fee, issue the Unpaid Invoice for the Attorney Backup fee.
The borrower makes the payment for the Attorney Backup fee, signs the Loan Term Sheet.
The Lender will give the receipt of the Attorney Backup fee once the payment is done.
Last action will be the Loan Agreement
After The Borrower signs the Loan Agreement, The Borrower will receiver the fund in about 7 to10 days.
The Administrative 1% and the success fee 3% will deduct from first disbursement.
Total amount of the loan will be release in about 3 or 4 transactions base on the need of the project.
Total process will take about 21 days depend on how fast The Borrower can send back the signed documents that The Lender required.
Global Project Finance Limited