(GRANT FUNDING)

 ACCEPTABLE COLLATERAL INCLUDES:

v     Standby Letter of Credit

v     Certificate of Deposit (CD),

v     Corporate Guarantee (CG)

v     Bank Guarantee (BG)

v     Other Collateral considered

 

PROJECTS MUST POSITIVELY EFFECT:

Ø      Employment,

Ø      Ecology,

Ø      Technologies,

Ø      Housing,

Ø      labor-intensive projects such as factories, construction and renovation are highly favored.

 

CONDITIONS AND REQUIREMENTS

• Minimum $10M, No upper limit.
• Viable and realistic – would otherwise qualify for bank financing.
• The Principals (management) must also be fully qualified to manage and complete the projects.  Previous performance of the potential Principals or identified partnering firms shall be evaluated before their projects will be accepted.
• Upon project acceptance, Coordinating Agency will provide the Client with a contract outlining the specific terms for the grant funding disbursements according to the needs of the Client and/or the Grant Provider.  The Grant Provider will fund an amount equal to 200% of the qualifying instrument within 68 to 120 days from the start date.
• There is a 5% Administrative Fee.  All fees are due to and collected by Coordinating Agency within 2 business days after each grant disbursement to you.   These fees are based on each Grant Fund contract rather than the entire requested amount and are payable after you receive each grant disbursement. 
• The Grant Provider will start funding the Grant proceeds between 21 and 28 days from the receipt of a bank to bank communication indicating that issuance and holding or blocking of the qualifying instrument by the Grant Provider’s bank per the terms of the contact in an amount of 25% of the qualifying instrument’s face value and fund 25% at least every two (2) weeks, but very well could be every week, until a total of 200% of the face value of the qualifying instrument has been funded.
• Coordinating Agency shall be given a 25%, non-depleting ownership by common voting stock in the project in exchange for the Grant Provider’s participation in funding the project.  Of this 25%, 20% is given to the Grant Provider and is non-participatory in nature and 5% is given to Coordinating Agency.  A representative of Coordinating Agency will be given a seat of the Board of Directors of the project entity.  This will entitle the grantor the right to periodic details and scheduled accountings of the project progress.  This ownership shall only become effective after 200% of the initial contract has been funded and shall not exceed 25%.

 

Summary