Do you currently need help with capital and limited financing options? Here are some everyday struggles you may be experiencing:
- Delayed project timelines due to a need for more access to the necessary capital.
- Stalled business growth prevents you from taking advantage of new opportunities and expanding your business.
- A strain on your personal and business finances can be overwhelming and negatively impact your ability to succeed.
- Difficulty attracting clients to your projects, leaving you without the necessary funding to move forward.
If you’re facing any of these challenges, don’t worry – you’re not alone.
Welcome to Rent a Rich Uncle, where we provide an innovative solution to help clients access capital that traditional banks and brokers cannot offer.
Our program involves purchasing courtesy deposits (CDs) from local FDIC-insured banks in exchange for funding our clients’ projects.
Here are the program details:
- Our program allows us to fund projects globally by purchasing courtesy deposits from international banks with a corresponding FDIC-insured bank in North America.
- Clients can access their funds within 72 hours of our capital being deposited into their bank account, subject to certain conditions.
- Clients can easily access up to two hundred million dollars ($200 million).
- The bank cannot hold our courtesy deposits (CDs) as collateral, and the client must receive the requested amount of capital.
- We need the international bank to have a corresponding bank in North America that is FDIC insured to participate.
- Participating companies must seek access to capital between one million and two billion dollars ($1,000,000.00 – $200,000,000.00).
- If the client is in the US and has a sound project and cannot identify a bank willing to take our funds to provide a courtesy deposit and then use our funds to finance the project, we may be able to assist the client in finding a bank that will.
- Good credit history and experience in the area they require funding.
- A solid business plan.
- A financial institution that is ready, willing, and able to complete the transaction on condition that AltFunds Global or our financial partners purchase courtesy deposits from the institution.
- A financial institution that has agreed to fund the client the required amount of capital for their project and has agreed not to hold the courtesy deposits nor the cash that AltFunds Global is putting up at the financial institution as collateral.
- Unencumbered assets to the same value as the required loan amount for the bank to secure against.
Why Choose Our Programs As Part of Your Strategy?
When a “Rich Uncle” puts up its capital at a financial institution as a deposit (not collateral), the financial institution’s liquidity increases, and often the term sheet the client gets is significantly better compared to not having a rich uncle putting up their capital.
- Participating customers must first schedule a consultation call.
- After the consultation call, the client will receive the initial paperwork:
- CIS / KYC (Customer information sheet / Know your client)
- Mutual NDA NCA Agreement
- Joint Venture Agreement
- Following the consultation call, the client is required to find a financial institution that has agreed to fund the client’s project on the assumption that AltFunds Global or its financial partner can purchase courtesy deposits from the bank. The lender must agree that our funds nor courtesy deposits are ever held as collateral.
- Once the lender has been identified, AltFunds Global will contact the bank to ensure our courtesy deposits are not held as collateral. Once everything checks out, AltFunds Global will provide the required paperwork for the client to sign (ensuring the client acknowledges that AltFunds Global’s capital is not held as collateral) and sign any of the required paperwork from the lending institution.
- The client is required to have our fees at their law firm, and once AltFunds Global deposits the required capital into the lender’s bank, AltFunds Global will provide proof that the funds have been sent and will require the law firm of the client to pay fees due to AltFunds Global.
Essential Documentation For Us to Get Started:
- CIS / KYC (Customer information sheet / Know your client).
- Mutual non-disclosure, non-circumvent agreement (NDA /NCA).
- A signed fee agreement for services rendered.
- A common sense and professionally written business plan.
- Lending Locator Services if AFG is required (and has agreed) to find a lender.
- Proof of funds for the 12% fee and Lender locator fee is required.
$37,500 to source written offers from lenders
A one-time fee of 7% for a 1-year term CD and 12% if purchasing a 2-year CDS. Additional terms beyond two years require a separate agreement.
Commission to brokers
10% of AFG’s profit share for any direct referrals and 5% of of AFG’s profit share for any direct referrals that introduce clients.
- 30 banking days from the date final contracts have been signed with the lender
Before engaging in any transaction with AltFunds Global, we encourage you to read this disclaimer carefully.
At AltFunds Global, we believe in transparency and aim to provide our clients with clear and concise information. To ensure a complete understanding of the transaction you want help with, we strongly advise you to bring your business consultants or legal counsel to all meetings.
Please note that any bank fees, legal fees, and tax obligations associated with your transaction are your responsibility, not AltFunds Global’s.
If you’re interested in AltFunds’ experience and services, it’s important to note that we are not a licensed dealer broker in many countries where our YouTube content is consumed or our books can be purchased.
However, we remain committed to providing exceptional service while complying with securities laws in different jurisdictions.
To ensure compliance with securities laws and maintain our excellent Trustpilot score, AltFunds Global will connect clients to a registered securities dealer broker or a securities law firm located in the jurisdiction where the client conducts their business. This enables us to provide our clients with the best possible advice and support while remaining compliant with all relevant laws and regulations.
At AltFunds Global, we are dedicated to helping clients achieve their business goals through our experience, resources, and suggested solutions. Our commitment to compliance, transparency, and exceptional customer service sets us apart from the competition. So, if you’re looking for a trusted partner to help you navigate the world of structured financing, look no further than AltFunds Global.