This step is necessary to bypass a delay in the acquisition and licensing. It is required by the Venture Capitalist to insure the purchase of the land and other assets.
We are funded for the total amount of the project covering more than $2Billion, and an added amount from Private equity for $2.5 Millions. The Venture Capitalists require us to deposit $30M in a bank until we own the land and we need another million for operating costs to secure all the required licenses with the governmental bodies and contracts with the businesses and personnel needed to complete the planning and construction of the buildings and other structures. The $30M in escrow, in the bank will be paid, really, returned to the bank as soon as we acquire the land. The $1M for operating costs will be paid out of the private equity.
As you consider making the loan for the total amount needed, or providing the working capital needed to get the project shovel-ready. Be aware that the project is out-of-country. And we have completed all the due diligent, and will make all information available for your consideration and investment in this project.
June 18, 2009
Need A Bridge Loan
March 14, 2009
Africa, OPIC and China
We have three funding application for start-up and expanding businesses in Africa. I am reasonably sure the applications are with OPIC or Overseas Private Investment Corporation, website: www.opic.gov, the funding packages came to us by referral, and include two packages for Businesses in African countries. One in a South American country and the other are in the USA. We are seeking a total funding of more than $20 MM. Investors, during business in Africa, China and the Middle East, will have a growing opportunity for those who is aware that the potential rewards, now out weight the risks in the African Counties. China is increasing its present in Africa and during business with the Middle East. For instance, one of the packages we are managing require equipment and all the equipment is coming from either China or South Korea. That agreement was in place when we got the package for funding.
Many funding sources require an American to own 50 percent of the company before they will make a business loan to the entrepreneurs in those countries. (Premium on Americans? No they just think the loan is collectible if an American is part owner.) Or the country where the business is located could be asked to guarantee 50% of the loan package before making the funds available. But with the Chinese companies moving in so fast, the West see its present diminishing and is taking action to correct it before it is seen as neglect, by making loans and experts available from some of the top funding sources.
We are prepared to sense the critical points and be present to make corrections. Our staff and associates have both education and work-experience to deal with Governments in this and foreign countries. Details like, installing communication equipment in police and fire vehicles when you are adjacent to another country you contact them to insure that your call frequency will not interfere with those daily operations. It is good to know that many helpful sources exist to provide funds and expert advice to those wishing to do business with these country, but particular Africa and the Middle East. Investment Bankers are telling us to bundle the loan packages and let investors earn a return by investing in all the businesses, giving them a start of a diversified fund!
October 23, 2008
Hello world!
Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!
