THE FUNDING PROCESS
CAPITAL LENDING SOLUTIONS LLC does not charge an upfront retainer fee to initially look at a project and we do not require an exclusive engagement from the Client (only regarding CLS Contact sources). We realize that the Client may already be working with others in the attempt to secure funding. We initially process the Client’s overview for free to determine if it is the type of project that we want to work on (we turn down initial project funding requests often).
Generally speaking, the manner in which CLS will process your funding request is as follows: after the initial inquiry by the Client or broker working on behalf of the Client and receipt of the Executive Overview form, CLS will do an initial processing analysis to determine the probability of securing funding for the Client and also to determine if CLS wants to work on the Client’s project funding request. If so, CLS will send an email response outlining to the Client or broker working on behalf of the Client, what specific documentation CLS will need in a complete package to present to the CLS Contact and the FINANCIAL SERVICES CONSULTING AGREEMENT. After receipt of the complete package and processing fee (if required), CLS will then review the complete file and continue processing. If the package is not complete, CLS may request further documentation so that the review and processing can be as thorough as possible with the information provided; CLS will then do the business analysis, select the appropriate CLS Contact for that specific project, and then CLS will package up the file to be sent to that specific, selected CLS Contact for the next phase of risk analysis and due diligence.
The CLS Contact will then conduct a careful review of the package. If the Client funding request meets the appropriate criteria, the project will also be pre-qualified by the CLS Contact and a formal proposal will be sent to the Client in the form of an engagement Letter of Interest ("LOI"). The engagement LOI will outline the funding parameters of the transaction available to the Client based on the information available at that time. Upon the Client’s receipt of the engagement LOI, they may visit directly with our CLS Contact to discuss the transaction and ask any appropriate questions, ask for clarifications, or modifications, if needed.
When the Client comes to a comfort level, and a "meeting of the minds" as to the language in the engagement LOI, agreement with the terms, and wishes to proceed, then the Client executes the engagement LOI. The execution of the formal engagement LOI shows "good faith" to CLS and to our CLS Contact that the Client has read, understands, and is in full agreement with the terms of the engagement LOI.
Depending on the protocols of the specific CLS Contact chosen by CLS, they may proceed based on the executed engagement LOI or they may issue a formal Application. If so, it will reflect the terms and conditions of the engagement LOI.
At execution of the formal engagement LOI or Application, an application fee or other type of fee "may be" required by a CLS Contact from the Client, subject to the complexity of the transaction, travel required, and is determined on a case-by-case basis. Lastly, assuming that the Client provides in a timely manner all of the needed documentation, 3rd party reports as needed, and complies with all underwriting requirements, funding may occur within 30-45 working days after receipt of all the documentation items required by the CLS Contact. (These procedures may vary based on the Client’s funding request and the specific CLS Contact chosen by CLS that will receive the funding request.)
BROKER INQUIRIES ARE WELCOMED AND APPRECIATED.
IMPORTANT: If you are serious about securing funding, please email us a 1-to-5-page Executive Overview or feel free to call us first.
Capital Lending Solutions, LLC
Andy Hinton - Global Portfolio Manager
"The Next Big Thing in Financing"
Office: (888) 230-3632 Direct: (850) 270-8943
E-mail: Andy@CapitalLendingSolutionsLLC.com
Capital Lending Solutions and CLS are Trademarks of Capital Lending Solutions, LLC
Call Today: 888-230-3632