Raising finance for the project that you are working so hard to start building is very frustrating, but we hope to make it as easy as possible for you by mapping out the how, what, who and when steps needed to succeed. Pre -knowledge of what is required takes all the stress out of the process by assisting you to collaborate closely with the financial market and increase your chances of getting the money needed to finally construct your project.
The process by which we are obliged to work is according to UK financial regulations so it is advisable to have a stepped procedure for raising the money:-
You need to give us a business plan describing you project and a financial forecast model so that we can evaluate if we are able to raise you the money or not.
To help you, we have attached a Due Diligence list to this kit that shows what main issues interest the bankers and they should be referred to in your plan.
If we are confident that we can raise the money you will sign an NDNC agreement so that we can all work openly and effectively to prepare the material that we need to present your project case.
Also you are asked to send us the documents in the KYC [know your client] list which are necessary for us to be able to formally begin the financing process. The documents are to verify that your company and management are genuine and are entitled to handle the project money.
We will submit your KYC documents to our new business committee to approve you as our client.
MA Finance Ltd will issue you with a letter of engagement which sets out the agreed terms for them to raise the money which you are asked to sign.
MA Finance Ltd will prepare and issue project tender documents to the selected financing institutions and banks and make a short list of preferred candidates.
Negotiate for the best terms and lock in the winner.
The bank will probably carry out its own Due Diligence check of the project and the management company to verify that all requirements and approvals are met before they allocate the funds.
Transfer the capital to the project company.
The whole process should take between 3 to 6 months after all the necessary documents and information are supplied by you to MA Finance Ltd and is dependent upon the size and location of the project.