Archive for the ‘Finance’ Category

We can now purchase old Medical Receivables in bulk in one week!

Submit all your old Medical Receivables and Get Cash in one Week!

• Do you have 2-3 year old receivables sitting collecting dust?
• Would you prefer to sell for one lump of cash?

We can help you now!  We can arrange the purchase of up to 3 year old medical receivables from $600K to 30 Million in as little as week!

Many medical providers are often burden with old, uncollected, unpaid receivables and sometimes even give up in trying to get paid.  There is no need for that anymore.  You can now sell your old medical receivables as long as they are not being disputed.  Don’t let the age of these receivables be a deterrent.  Complete the online form and get them sold fast.

Receivables must be non-disputed or auto related personal injury.  All other medical receivables (HMO/PPO, Medicare, Medicaid, Blue Cross, Blue Shield, etc.) are wanted.

To get started simply complete the online form and you can be one week from funding.

We are looking for 1913 Chinese 20 and 100 pound 5% gold loan bonds

Fast closing-travel expenses paid

Do you have a 1913 Chinese 20 pound bond with a PASS-CO certificate?  If you want to sell it fast, simply complete the online form or email a full compliance package and preliminary Genealogy list to our email info@fcfcorp.com.  Any amount, from one to many.  Act fast.

There is still a specific interest for exotic Mexican Bonds (4 Head Presidents, 2 Head Presidents, 1899 Orange Bonds, Napoleon Bonaparte, Cristobal Colom Bonds and other high value Mexican Bonds) Brazilian LTNs (No limit), Venezuelan LTNs, German Bonds, Chinese Bonds (Redemption Program, in amounts of 1000 or more) and other rare bonds for either a purchase or placement in a Private Placement Platform.  To start the process we need:

• Send Seller/Holder’s CIS
• Front and Back pictures of the actual bond or asset
• Color scanned copy of Passport of the seller
• SKR copy of asset
• Other documents might be required later

The price, terms, etc., will be discussed once the asset is verified, not before.  These terms will ONLY BE DISCUSSED WITH THE SELLER OR HOLDER of the asset.  No JV ownership allowed. Must be the owner of record.  Brokers MUST agree to step aside and allow the transaction to proceed.  Brokers will be protected in the Genealogy.  Any transactions that are obstructed by brokers/intermediaries will not be entertained and quickly disregarded.

NO PHONE CALLS OR EMAILS TILL THE REQUESTED DOCUMENTS ARE SENT FIRST.  COMPLETE THE ONLINE APPLICATION AND GET STARTED NOW!

PLEASE DO NOT SEND QUESTIONS USING THE LIVE ONLINE HELP AS IT WILL BE IGNORED. COMPLETE THE ONLINE APPLICATION NO PHONE CALLS OR EMAILS.

TTM Closings from now till the end of the year.  If you have been looking for a real buyer who will pay real prices for your bond, this is your chance.  Submit your package with confidence ONLINE APPLICATION.

Stand By Letter of Credit (SBLC)/Bank Guarantee (BG) Program

(SBLC Financing)

A Stand-By Letter of Credit (SBLC) is an assurance that your company has the financial resources to perform as agreed under contract. The issuing Bank essentially substitutes its credit standing for that of your company in order to facilitate the contract. Stand-By letters of Credit are legal documents that support contractual agreements between two parties. The standbys are concerned only with the contractual agreement you have made with another party and are payable only when the appropriate documentation as outlined in the letter of credit is presented by the beneficiary. If the customer defaults, the beneficiary may draw funds against the letter of credit as penalties or as payments, whichever the terms of the credit provide.

STAND-BY LETTER OF CREDIT PROGRAM SUMMARY

REAL PROPERTY STAND-BY LETTER OF CREDIT FINANCING PROGRAM

1. Purchase of Standby Letter of Credit (SBLC), generally at a $20,000,000 face value. SBLC has a term of one year plus one day (see below for SBLC Purchase Program features).
2. Transfer SBLC to Lender, together with 15 yr interest only Note, interest rate of LIBOR +2%.
3. Lender funds 95% of face value of SBLC ($19,000,000), less 10% of face value in fees (all fees included), so borrower receives 85% of face value of SBLC.

Clients can use Stand-by Letters of Credit for many reasons such as:

• Leverage Funding for Large Commercial Projects
• Funding a Trading Platform
• Credit Enhancement
• Blocked Funds
• Qualify for Financing
• Net Worth Requirements
• Providing Evidence of Proof of Funds
• Commodities / Petroleum Transactions
• To provide assurances of our Client’s ability to perform under the terms of a contract
• To fulfill bid-bond and performance-bond requirements
• To help secure third-party financing

General terms and conditions:

SBLC 85% funded amount must be paid in one year and one day. May be extended up to a total of five years at a cost of 8% for second year, 6% for third year, 4% for fourth year or 2% for fifth year.

Needs List and Procedures:

First Capital Funding Corporation utilizes these SBLC instruments to collateralize commercial property loans.

Letter of Credit Request Procedure:

A request for a Letter of Credit is made from a client directly or may be referred to FCFC. FCFC requires all the documentation and information indicated below.

FCFC will issue a Letter of Engagement to the client, which discloses the points associated with this transaction, which is separate from the Lenders fees. The fee is generally 2 points. Once the letter of Engagement is executed (signed) and returned to FCFC, FCFC will proceed with the request. (Up to this point no monies have been collected unless indicated on Letter of Engagement.

Information Required for an SBLC Request:

• Executive Summary describing project and use of funds.
• Proof of Funds for SBLC request: (need to see a minimum of 10% of SBLC request)
• Bank Statement (recent within 30 days)
• Bank Letterhead indicating the account holder, account number and amount in that account that is available and accessible funds for our client (an escrow letter alone is not sufficient.)
• In the event there are silent partners/ investors that are not principals, proof of funds from them may be used as long as a paper trail evidencing that the principals have access and is permissible to use these funds for the specific transaction. This must be noted in writing from the account holder.

Proof of Funds for commitment fee for lender: (need to see where the commitment fee is coming from if different than proof of funds for SBLC)

• Bank Statement (recent within 30 days)
• Bank Letterhead indicating the account older, account number and amount in that account that is available and accessible funds for our client (an escrow letter alone is not sufficient)
• Corporate ID (Articles of Incorporation or Articles of Organization indicating principals along with Corporate ID#)
• Drivers License (for all principals)
• Passports for International deals (for all principals)
• Name of Corporation, Address, Phone#, Fax#, and email address along with names of all principals indicating the main contact person.
• Referral Name, Address, Phone#, Fax#, and email address
• Sources and Uses (to indicate the breakout)

Note: In the event you have multiple LC requests, they should be sent independently. Executive Summaries will differ.

Once the above documentation has been received it will be forwarded to the SBLC provider. The SBLC provider will then process the request and issue an SBLC draft and send to FCFC within 3-5 business days depending on the complexity of the request and documentation received.

When FCFC receives the SBLC draft, we then will forward a copy to the lender along with the above noted documents (as indicated above required docs for SBLC)

Lender will notify FCFC of their decision, and if approved a commitment letter will be generated and forwarded  to FCFC to forward onto the client. All terms and conditions of the loan along with the amount of the commitment fee will be outlined in the commitment letter. The dollar amount of the commitment fee will depend on the loan amount. The commitment fee will be required at the time the borrower signs the commitment letter. The Lender’s bank wiring instructions will be included.

The commitment letter will be signed by the client and returned to FCFC who will then forward the information to the lender.

Commitment fees outline in the commitment letter will be wired to the designated account simultaneously with the commitment letter.

Once the signed commitment fee is received by the Lender, the Lender will issue a letter outlining all bank  and swift information which confirms their receipt of the commitment letter and a commitment fee. This letter will be sent within 3-5 business days (original) via DHL/FedEx and also faxed the day issued.

Once the letter is received, the SBLC issuer is notified to swift the collateral (the Official SBLC) they then will fund via SWIFT within 3-5 business days.  The Stand-by Letter of Credit Program process above is a general rule and will vary depending on the transaction.

Non-Leased Cash backed SBLC or BG

There are instances when a client requires a non-leased cash backed Bank Guarantee or SBLC to be able to borrow against it at higher levels.  We can provide that in amounts of 10 MM to 10 Billion.  Make sure you mention this particular instrument when you call or contact us.

This process is excellent, because:

• You have real instrument, it is not a leased one
• Do not require to have the instrument fees in a bank account, they are simply deducted from the requested amount
• Your bank will be the beneficiary
• You can use the instrument as credit enhancement
• This is a third party transaction, therefore you can tell your bank what to do, not the other way round

After all parties have signed the “hard” contracts the bank of the investor will talk to your bank.  They can arrange for a MT199 (stating that the investor bank is RWA to send) Only after that your bank prepares the MT103/23 (not sending it) Then the bank to bank negotiation starts with MT799 and MT760.

From start to finish this process takes about 3 weeks.

* IMPORTANT:  You will be checked out thoroughly so make sure that you are “real” and able to pay for the fees before applying.  And they only work with A and AA rated banks.

The fees on this program are higher than the leased SBLC/BG however, you can obtain the desired instrument without any cash, only a viable project and A and AA rated bank

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Note: All Accounts require strict compliance with International. Money Laundering Regulations and the US Patriot Act.