Most Leading Finance Organizations have Engagement Fees

Company X, a division of Company Y, provides project funding and wealth optimization for its clients on a worldwide basis with its own funds and/or in conjunction with FPs (financing partners). Engagement Fees appear to be an issue time to time from misguided inquiries. Prospective applicants/clients who are adamant by making a statement that they will not pay “any advance / upfront fees” are divulging: 1) they have spurious projects, or 2) they have never been funded before, and/or 3) they do not understand anything about the funding process. In some cases, applicants who are intermediaries may be unreliable and ignorant on the funding process, while only attempting to acquire any offer from us to 'sell' our terms to their principals with having no true binding powers.

An “engagement fee” is a predetermined amount paid to a service provider up-front, prior to commencing the investigation and completion. Its primary purpose is to create an atmosphere of mutual commitment between a service provider and the client, which covers some pre-contractual costs while maintaining a transparent refund policy. The aim is to provide a highly professional success-driven service; therefore, relationships are chosen carefully and requests are not accepted to which do not have a significant chance of completion.

All of the following steps, which have proceeded with projects we have funded thus far, will involve the client in advance payment as no lender will take on pre-contractual costs when the result of the checks could result in the funding not taking place because the client has failed them. To clarify, no one, not us, nor any of our FPs will assign 100M EUR, 250M EUR, or whatever amount to a project owner without taking the following steps:-
a) via external experts, KYC (know your customer) checking the bona fides of the project owner, management team; active, past and pending court judgments; management accounts and business plan on behalf of our funds managers, and/ or the relevant financing partner/s;
b) via external specialists, checking the integrity of the project;
c) checking the integrity of the collateral offered to cover the funds. In all cases, there will need to be assessment by experts so as to cater for risk as such assets will, in most cases, be already encumbered. The collateral may also need to be title insured;
d) personal meetings and site visits with us, and/or one, or more of our FPs to discuss and recommend the client's project, liaison with the client and/or the financing partner/s for the proposal of the client's project;
e) the detailed development of the client's project presentation to our fund managers' requirements and to the requirements of the relevant FPs, we will negotiate on behalf of the client, the funding conditions and timing where funding is to be provided by one, or more of our FPs;
f) we and/or an FP may want an SPV to be set up the funds release management and also, alternatively to have one of its members, or an external specialist sit on the board of the project owner for the purpose of monitoring the progress of the project;

Our business model was developed comparatively to the leading finance organizations. We are: faster, interface more directly with clients, offer guarantees, fund worthy, professional, do not hog-tie the clients to us, affirm an apparent refund policy, dedicated toward success from the client's perspective, and look to minimize all engagement risks for the parties involved. If you’re one of those elite who appreciate our business model, contact me to proceed with correspondence.