PROJECT FINANCING SUBMISSION REQUIREMENTS
With respect to Commercial Projects seeking our assistance in direct FINANCING to be arranged by us, the following “guidelines” must FIRST be met, and, all such Financing submissions should have the following attributes in order to qualify:
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The Company must be an existing and established business entity;
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The Owner(s) and Principal(s) must have substantial industry experience with a track record of similar projects;
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The Sponsor must have at least five (5%) percent LTC in available capital and/or paid-in capital (spent on the Project to date);
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Project Documentation Package must be completed and professionally presented to us;
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The Company Principal(s) with over twenty (20%) percent ownership must be included in the Ownership Information; and,
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Minimum Project Financing amount of $ 25,000,000.00 U.S.D.;
CREDIT ENHANCEMENT SUBMISSION REQUIREMENTS
However, in the event the requesting Project does NOT qualify under our Financing pre-requisites, they are invited to request entry to our specialized Credit Enhancement Program (along with all other Projects directly seeking CREDIT ENHANCEMENT in lieu of Direct Financing / funding) which presents different requirements:
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Our globally-recognized Credit Enhancement Program invites and permits start-up undertakings as well as seasoned enterprises by providing risk-mitigation to the Project’s lender(s) requiring a Collateral Guarantee;
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Such Projects seeking Credit Enhancement must be financially prepared to tender our “File Activation Fee” in the amount of $25,000.00 U.S.D. to be tendered via Wire Transfer. Note: this Fee is non-refundable unless Sterling decides NOT to proceed;
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The Project Principal(s) MUST have (and prove) the financial capability of setting aside one (1%) percent of the total Project funding amount in order to satisfy Sterling’s Enhancement Costs and Process Fees at the onset (and NOT from eventual funding);
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Upon the approval and receipt of the above, we deliver to the Project Principal(s) our “Conditional Term Sheet” for review, acceptance and return;
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Once all of the above has been completed, we deliver to the Project Principal(s) our formal “Collateral Loan Commitment Contract” for review, acceptance and similar return; and,
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Projects seeking entry to our Credit Enhancement Program must require the minimum Project amount of $ 25,000,000.00 U.S.D..
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