A proof of funds letter can help a business get additional financing for technology, real estate, high cost machinery, or construction by showing that there is money to cover the transaction. The POF indicates legitimacy to all parties involved no matter what type of project. A Proof of Funds is great when you want to prove that you’ve got the ability to pay outright, but you don’t want to use your own funds. Most small or mid size companies that are positioned for growth do not have the financial ability to make their future plans happen. That is where an investor group with POF, SBLC or BG security can be the key to taking a business to the next level. Keep in mind that this doesn’t mean that a business owner or entrepreneur doesn’t have to come up with their own funding, they do. Any serious business owner will have funds of their own to invest as well as a solid plan to get a return on theirr investment. Providers are here to fill in the gap between what you have and what you need for growth. Normally, a business or individual will have to deposit with a neutral 3rd party escrow company 10% of the amount needed (usually a $2M minimum request). This insures the provider will get paid along with the intermediaries. Clients are not allowed to deduct this at closing, it is an upfront cost to purchase the POF, SBLC or BG. A company like us provides a statement verifying that a depositor has a certain amount of money on deposit at an institution. Basically it's additional proof that a buyer has the financial ability to carry out any type of monetary transaction. It's a proof of security that the client is "good for it." If you have a project that will need millions of dollars to finance, you can be sure it will take more than a credit check for anyone to give you funding. Large monetary amounts are not given to entrepreneurs or business entities lightly. There are many worthwhile projects with enthusiastic innovators who need funding. If you are interested in funding a project, the provider first needs the following information to initiate the process: Amount: $ Currency: Euros or USD ? Duration: usually 1 year and 1 day Do you require any particular bank? For credit enhancement only? Yes/No Callable/Lienable? Yes/No Business Purpose: When do you require the instrument? Hope that helps. Larry Potter
