Facilitation Fees
As an applicant, you are requesting The Finance Source to seek an appropriate funding source that is willing to make a formal 'offer' to fund your project under the parameters of the pre-discussed funding program. Our obilgation to you as our client is to provide this 'offer' to you.
A Facilitation Fee will be collected for the efforts made by The Finance Source to review and approve each project and applicant; to confirm the collateral capability of each applicant; to introduce an appropriate funding source that is willing to make a formal offer to fund your project under the parameters of the pre-discussed funding program; to make a formal application to this funding source and upon success of that application, provide a formal offer to fund your project and to perform a due diligence on the project once approved for funding.
The Facilitation Fee is due at the time of signing a Facilitation Contract between the applicant and The Finance Source.
We do not ask the applicant to sign any Contract or pay any Fees until we have been provided with an official offer to fund the project from the relevant funding source. This official offer from the funding source will not be provided to the applicant until they have signed our Contract and paid the Facilitation Fee.
The Facilitation Fee will be quoted case-by-case.
Closing Fees
Upon the successful funding of a project, the applicant will agree to pay to The Finance Source a Closing Fee or Success Fee as it is sometimes known.
The Closing Fee will be made clear to the applicant at the time of making the application. It is worked out as a percentage of the funding request.
The Closing Fee is added to the funding request. This amount will then be capitalised on when applied to traditional Debt Funding.
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