Description
Clients who participate in this program are typically considered non-bankable. Still, they have some cash available (a minimum of 20% of the capital they require) and are seeking a line of credit or loan that exceeds what their financial institution is willing to provide them.
Participating companies are looking for access to capital between $3,000,000.00 and $27,000,000,000.00.
Qualifications
Clients must have:
- a viable business plan.
- A minimum of 20% of the capital they require.
Benefits
Rent a Rich Banker is a program that enables clients to obtain funds from local banks, hedge funds, and other financial institutions around the world, which would not be possible through a local bank in the United States.
The term sheet provided by a “Rich Banker” typically offers significantly more funding than traditional venture capital firms or banks. This unique model leverages the client’s cash to enhance the credit facility of the “Rich Banker,” enabling them to provide loans to participating clients.
The fees deposited by clients (e.g., $5,000,000.00) are bonded, which means they are insured and protected. Upon funding, the bond is released. If for any reason, the “Rich Banker” fails to fund the client, the bank holding the deposit will refund the total amount to the client and provide interest payments for locking the funds.
Process
- Participating customers must first schedule a consultation call.
- Upon confirmation of the call, the client will receive the initial paperwork.
• CIS / KYC (Customer information sheet / Know your client). - Following the consultation call, AltFunds Global will offer the following paperwork:
• A signed fee agreement for services rendered.
• Mutual non-disclosure, non-circumvent agreement (NDA /NCA).
• Business plan - The Client’s file is submitted to a financial institution (Citi Bank London). The financial institution will conduct their own due diligence on the client to ensure the client’s source of capital is clean and clear.
- Once the client’s capital has been insured against a bond, the client receives an ISIN Number where they can see a bond issued against their name – this is completed within 48 hours of their deposit.
Paperwork
- CIS / KYC (Customer information sheet / Know your client).
- Mutual non-disclosure, non-circumvent agreement (NDA /NCA)
- A signed fee agreement for services rendered.
- Business plan
Fees
$50,000 upfront fee for consulting services.
Commission to brokers
1% of the amount of capital the client is receiving.
Timelines
180 banking days or less for the client to get funded.
Disclaimer
- AltFunds Global welcomes and encourages clients to bring their business consultants or legal counsel to all meetings.
- The client is responsible for covering any associated bank fees, legal fees, and tax obligations related to their transaction.
- Please note that banking days and timelines may vary depending on the market and banking conditions.
- All transactions are executed by a SCC registered broker and all funds are ensured by Blue Water Capital.
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