OUR SERVICES
At INSPIRED Project Funding, we specialize in providing project funding solutions to our clients. Our network of family offices and lenders allows us to find millions of dollars for your project. We also operate a Fuel Desk to match titleholders with RWA buyers of Jet A1, D6, EN590 on a CIF basis only. Contact us to learn more about our services.
ABOUT US
At INSPIRED Project Funding, we are passionate about helping entrepreneurs and businesses achieve their funding goals. Our team of experienced professionals has a proven track record of success in finding funding solutions for a variety of projects. We are dedicated to providing personalized service and building long-term relationships with our clients.
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Contact us to learn more about how we can help fund your project.
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EXPLAINED
Financial Guarantee / Surety Bonds
Financial Guarantee Bond are a general type of surety bond. Financial Guarantee Bond do pretty much what the name suggests; guarantee payments on a financial obligation. These bonds come in many forms from tax bonds to commercial lease agreement bonds.
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Financial Guarantee Bond guarantee that the financial obligation of the bonded party will be satisfied. For bonds like the commercial lease guarantee bond, the bond provides a guarantee that the lease payments will be paid. The bond amount would typically be based on the total annual payment amount of the lease. Bonds like the sales tax bond provide a guarantee that the amount collected for sales tax on taxable goods will be remitted to the state or local government. The bond amount, in this situation, is typically based on an average monthly sales tax calculation.
With financial Guarantee Bond, the surety is essentially providing a potentially quicker path of recourse if the party with the obligation to pay does not do so satisfactory. When a claim is placed on a financial guarantee bond, the surety would then be responsible to make payment to satisfy their responsibility to the bond. After a surety pays a claim on a bond, the surety then attempts to recoup the loss from the bonded business or individual. A surety bond works more like a credit line rather than an insurance policy. Even if a surety pays out on a claim, the bonded business or individual is ultimately responsible for the amount paid out by the surety.
Standby Letters of Credit
We are using the common SBLC shorthand for a Standby Letter of Credit. A documentary credit (DLC) should not be confused with the SBLC it does not fulfill the same functions. The standby letter of credit does not constitute a payment mechanism. You may lease an SBLC, purchase an SBLC and use it for commodity trading or monetize and trade it when it is not needed to guarantee your company's payment for actual goods or services.
Debt Financing
Debt financing or refinancing is the act of applying for a loan and allows you to keep the equity in your company, rather than giving shares to investors or shareholders. Your term sheet will have an interest rate, a specific loan amount which the lender has approved. It should also give an amortization schedule, indicate monthly or yearly payments, specify origination points or success fees, and ideally shouldn't require any upfront fees or money to be put into escrow. Prepayment penalties if any should be clear.