Funding process

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Funding process

Step 1 - Initial documentation

Initial documentation needs to be completed with business owners before any discussions can begin.

  • Non-circumvention and Non-disclosure Agreement (NCNDA).
  • Client information sheet (CIS).
  • Project requirements questionnaire.

Step 2 - Preliminary client meeting

Preliminary meeting is conducted for both parties to understand each other and decide if we move ahead or not.

  • We introduce our company, explain our funding proposition, our fees, our process, and timelines involved to the client.
  • Client explains the project in brief.
  • Q&A session follows.
  • We move to the next step if both parties agree.

Step 3 - Initial review

Initial review is necessary to indicate interest in the business/project and avoid wastage of time for both parties.

  • We indicate in-principle interest or lack of interest after reviewing the documents provided.
  • Client provides access to project data room if we indicate interest in the project.
  • We analyze the information provided in the project data room, and move to the next step.

Step 4 - Indicative Terms (Initial Approval)

Indicative terms are in-principle approvals for the project and are subject to further due diligence, risk assessment and underwriting.

  • We prepare an executive summary and report for the funding channel as per their requirements and submit the project for approval.
  • We liaise with the funding channel's analyst and the client to provide any missing information as appropriate.
  • We get indicative terms from the funding channel based on information provided.

Step 5 - Presenting indicative terms to the client

Indicative terms are presented and explained to the client, along with our fee agreement.

  • We arrange a meeting with the client to present and explain the indicative terms.
  • We present and explain our fee agreement and scope of work.
  • We move to the next step if both parties agree.

Step 6 - Engagement

This is the engagement process once both parties agree.

  • The indicative terms and fee agreements are executed by both parties.
  • Invoices are generated by us and the funding channel for payment.
  • Client pays our engagement fees to us, and the due diligence fee to the funding channel separately.

Step 7 - Due diligence, risk assessment & underwriting

In this step we start working with the funding channel and the client to complete the due-diligence on the project.

  • A dedicated analyst is assigned for the business/project by the funding channel.
  • We liaise with both, the client and the funding channel's analyst to help complete the due-diligence, risk assessment and underwriting process on the project.
  • Follow-up meetings are called for, and missing information is requested, as required.
  • Complete project report is submitted to the funding channel, and final offer is generated.

Step 8 - Presenting final offer to the client

Funder's final offer is presented to the client and agreed upon by both parties.

  • We arrange a meeting with the client to present and explain the final offer.
  • Amendments are made to the final offer (if required) after discussion between client and funder.
  • We move to the next step if both the client and the funder agree.

Step 9 - Legal process

In this step, the legal structure and documentation is put in place.

  • Financing agreement is reviewed by lawyers from both sides.
  • Clauses are finalized and tweaked as appropriate.
  • We move to the next step if both parties agree.

Step 10 - Disbursement of funding

In this step, funding is disbursed for the project.

  • Funding is disbursed as per mutually agreed disbursement schedule.
  • Work on the project begins on the client side with lender oversight on usage of funding in different project stages.
  • We assist where necessary, till funding is fully disbursed.

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