Funding Process
- INITIAL CONTACT is made by the borrower, broker or consultant to IP-ERP, Inc. We will ask you to provide us information about the project (See Forms). IP-ERP, Inc. will do an initial processing analysis to determine the probability of securing funding for the Client and also to determine if IP-ERP, Inc. wants to work on the Client’s project funding request. We will tell you within 24-48 hours.
- AN ACCEPTANCE LETTER for our services will be sent to you. This acceptance letter will outline the services we will provide and the fee we will charge to document, summarize, underwrite and place your loan package in front of our investors (Compensation & Processing Fee Agreement).
- DOCUMENTS & DETAILS will be requested. Once we have received and reviewed all documents, we will prepare a loan package for presentation to our network of private investors.
- DUE DILIGENCE is conducted by Investor/Lender. (Investor/Lender may charge for this)
- INVESTOR/LENDER generates a letter of interest or a Funding Agreement Contract for your review and acceptance. This document will serve as notice that a Investor/Lender is interested in making an investment subject to confirmation and Due Diligence of the information provided by you. (Investor/Lender may charge for this)
- INVESTOR/LENDER generates a firm commitment. (Investor/Lender may charge for this)
- LOAN CLOSES.
The time to closing is dependent on whether the project is international or domestic and the origin of the funds. Generally, funding can take from 30 days to 90 days depending on the complexity or the project and the flow of requested documentation.
Note: IP-ERP, Inc. keeps all Compensation & Processing fees to a minimum.
- AN ACCEPTANCE LETTER for our services will be sent to you. This acceptance letter will outline the services we will provide and the fee we will charge to document, summarize, underwrite and place your loan package in front of our investors (Compensation & Processing Fee Agreement).
- DOCUMENTS & DETAILS will be requested. Once we have received and reviewed all documents, we will prepare a loan package for presentation to our network of private investors.
- DUE DILIGENCE is conducted by Investor/Lender. (Investor/Lender may charge for this)
- INVESTOR/LENDER generates a letter of interest or a Funding Agreement Contract for your review and acceptance. This document will serve as notice that a Investor/Lender is interested in making an investment subject to confirmation and Due Diligence of the information provided by you. (Investor/Lender may charge for this)
- INVESTOR/LENDER generates a firm commitment. (Investor/Lender may charge for this)
- LOAN CLOSES.
The time to closing is dependent on whether the project is international or domestic and the origin of the funds. Generally, funding can take from 30 days to 90 days depending on the complexity or the project and the flow of requested documentation.
Note: IP-ERP, Inc. keeps all Compensation & Processing fees to a minimum.
PRINCIPALS PREFERRED AND BROKERS ARE WELCOME AND
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Copyright 2008-2015 © IP-ERP, Inc. All Rights Reserved.
Copyright 2008-2015 © IP-ERP, Inc. All Rights Reserved.