Application Process
Application EDJ provides assistance in the preparation of all forms and documents needed to apply for overseas government financing. The application itself helps provide us with the basic information needed to determine whether a project may be viable and meet the various statutory requirements. Business Plan EDJ provides assistance in the preparation of a business plan that must include:
Loan Documentation The legal documentation requirements for each of the business finance products profiled will vary on a case-by-case basis, depending upon the parties to the transaction, the type and location of collateral offered, and the extent of the total security package. Examples of the types of documents that may be required include:
Collateral/Security Package EDJ and the borrower will need to work together to assemble an appropriate collateral/security package as expeditiously and inexpensively as possible. Certain types of collateral will increase both the time and costs associated with the transaction. Involvement of Borrower, Guarantor or Collateral To the extent the transaction involves an overseas borrower or guarantor or overseas collateral, the time and expense required for host country legal due diligence, government approvals, and perfecting liens on collateral will be greater than those transactions in which all parties and collateral are located in the United States. EDJ may require outside counsel to assist with perfection of liens or filing of mortgages within the United States. Lien Requirements In corporate finance transactions, the Government usually will require a lien on at least some assets of the borrower. Shareholder Guaranties & Other Assets Additional security may consist of shareholder guaranties, assignment of major contracts and insurance proceeds, and pledge of company shares, as appropriate. The Approval Process The approval process can take weeks or months depending on the complexity of the transaction envisioned. The total time from application to disbursement is also dependent upon the financing structure chosen. The most important factor in the prompt disposition of a project is the quality and completeness of the information provided. EDJ’s International Trade Specialists teams take great pride in their skills to prepare professional loan packages that increase your odds of obtaining the overseas Government financing your firm desires. |