The Small Capital Non-Recourse Loan program for small businesses. This program was designed to assist those clients who need funding from $50k to $10M and who cannot qualify for conventional bank financing, for a variety of reasons such as bad or no credit, not having the required equity to contribute, which at the current time will range from 25-50%.
The proceeds of the loan request may also be used for a start-up, which most banks decline. DFS Worldwide, LLC. looks to help the small business owners to get the money they seek to accomplish their financial goals.
To qualify for a non-recourse loan, the project or business must meet one of the following guide-lines.
1. The project or business must create jobs.
2. The project or business must create housing
3. The project or business must help the environment
Our non-recourse loans acts the same as a grant, where there is no repayment of the loan. The capital is raised through our affiliate international trading company where the company has over 100,000 active accounts under management. All accounts are insured against any loss of principle.
However, in order to receive this type of loan, the client is required to contribute a minimum of 10% cash into their loan request. The main benefit to receiving a non-recourse loan is there is no repayment required. And there are no broker fees or commission taken from the loan proceeds. The trader’s profits along with the consultant’s commission are built into the platform.
However, due to the nature of the platform, the client will receive their loan proceeds in one payment at the completion of the trading cycle, which is 210 days or approximately 10 months. If a client needs their funds delivered on a traditional monthly or quarterly draw schedule, then this type of loan structure will not meet the client’s needs.
In addition to the 10% contribution, there is a $5,000 consultation fee to issue the Memorandum of Understanding (MOU). This MOU fee is 100% refundable in addition to a 10% non-performance fee if our affiliate company fails to successfully raise the required capital within the 10 months’ time-frame.
This program is intended to help business owners who can’t meet the traditional banking standards. I hope this letter has given you some insight as the services DFS Worldwide, LLC. offers. If you wish to proceed simply forward proof of funds from a bank statement showing your company has the ability to contribute 10% towards the project or business in addition to the cost of the MOU.
