Financing Checklist

Applicant(s) Preparation List:

{Note: This Checklist serves as a guide for Principals and authorized Agents to properly prepare the documentation necessary in order for us to determine whether the project being submitted is eligible and/or qualifies to obtain any of the forms of financing we offer through our resources. If your project qualifies, additional documentation not listed here may be requested or required by our funding sources depending on the type of project being considered.}

Required Documentation:

• Executive Summary: An Executive level statement that summarizes the key points of the project, and gives a clear understanding of why the project should be considered for funding.

• Business Plan: A detailed Business Plan will be required that has:

a)      a clearly defined Business purpose,

b)      a set of Business Objectives to achieve or attain,

c)      a well thought out plan for accomplishing those Objectives, that includes valid reasons why the Principal(s) believe the stated objectives are both achievable, and attainable,  upon the creation of the project or facility, and,

d)      detailed reasoning for an “Exit strategy” that shows how the investment will be recovered through the sales and/or operations of the project or facility.

• Financials/Pro Forma: A detailed financial forecast of all Revenues and Expenses for the project or Facility for 5 years; Preferably, Monthly breakdowns for the first 2 years and quarterly thereafter. Should coincide with the reasoning of the Exit strategy detailed in the Business Plan.

• Use of Funds Statement: A formal Statement that describes how you will use the Capital provided.

• Evidence of Contracts and Off-Take Agreements: Copies of Contracts and/or Letters of Intent from qualified entities to Purchase the Power, Product(s) or Services that the project produces.

• Evidence of Permits: Copies of all Permits required or necessary to create and operate the project or facility. Permits must be “in hand”, or obtainable prior to funding and/or the construction of the project or facility.

• Resumes of Borrowers: Although not required in all cases, Resumes should contain evidence of relevant Industry experience in the field or project type being considered for funding.

Ancillary Documentation:

The Principal should be prepared to provide the following documentation, if applicable to the project, upon the request of the Funding entity.

• Appraisals: Appraisals of Land and/or Buildings and Facilities may be required if a property is being purchased for or on behalf of the project, and/or if existing structures are present on the property. The Appraisal Reports must be performed by a certified MAI Appraiser (Member of the Appraisal Institute)

• Assay/Reserve Reports: These reports must be performed by certified companies who specialize in the field of the commodity being assayed. The reports must show that the reserves for the commodity being evaluated do exist at the site, still remain at the site, and are able to be “commercially recovered” by the type of project being applied and/or considered.

• Studies: Certain Reports for Engineering, Environmental, or Impact Studies may be required by some of our Investors if the reports are deemed necessary to determine whether the project may have an adverse effect or be detrimental to the area in which it is to be created. 

• Performance Bonds: For any project that requires some form of construction to be able to perform the service it is designed to do, a Contractors Performance Bond will be required from the Contractor of the projects’ choice to ensure that the project will be built, and/or created, “as advertised”. This includes the construction of “devices” such as Windmills, or Solar arrays.

• Specialty Insurances: Certain forms of Insurance may be required by the Investor/Lender outside of general protection policies for the project. One type of policy most requested, and will most likely be a requirement, is a “Stoppage Insurance” Policy. This Insurance guarantees the “Income stream” to the project, and is designed to cover shortfalls in the Income stream to the project in the event a supplier of the feedstock necessary to operate the project, or a buyer for the product being produced, is not able to supply the feedstock or necessary Income to the project according to the terms of their contracts with the project, or is otherwise “lost” to the project as a client for any reason whatsoever.