COMMERCIAL PROJECT LOANS 10 years ( Minimum Borrowing US$5 Million up to US$60 Million)

Loan funds available in USD or Euro only
1. The loan must be for twice the amount required for the project
2. 50% of the funds are placed in a sinking fund to cover the principal borrowing.
3. 50% of the funds are released to the borrower for their project

Example: Borrower requires US $10 million, for 10 years. Borrowing is for US $20 million. Interest is for 9% on US $20 million (US $1.8 million per annum). The total payment to cover all costs by the borrower is US $18 million (this is equivalent to an 8% fixed interest loan for 10 years).

Procedure
1. An account is opened with our nominated bank

2. The proposal is sent to our company ( Initially a fax/e-mail summary is sufficient for a preliminary approval).

3. Once the initial approval is given the full project is sent to our evaluation committee.

4. Our fee structure is as follows:
a. Application fee Euro 20,000. (refundable upon the Client completing the contract)
b. Establishment fee 3.5% of the project loan amount.
NOTE: No fees or charges are incurred unless the loan is approved.
The Application fee is not due for payment until the loan is approved.

The Establishment fee is not payable and will not be debited from the client Account until funds have been drawn for the borrowing.