Process and Procedure

Step 1. Review:

After receiving your business plan, a financial company will determine whether your project is suitable for funding or not. If it is suitable, they will express their interest in your project by notify you through a letter of interest (LOI).

Step 2. Due Diligence Process:

Due Diligence (DD) process generally focuses on two aspects: Business diligence and Legal diligence. The business diligence verifies and confirms your assertions about your company's product or service and the market itself. Thorough competitive and financial analyses will help investors gauge the risks they will be assuming and the potential return on their investment. Legal diligence is performed to ensure that all legal matters have been correctly and completely addressed.

Step 3. Due Diligence Fee:

There is a cost to associate with Due Diligence (DD) process. This cost is paid by the principal for a financial company to perform the Due Diligence tasks. Cost to be paid directly to a financial company, not to Elite Lending. At this stage, principal must pay for Due Diligence cost.

Step 4. Documentation and Final Closing:

After completion of Due Diligence, all of your documents are packaging in lender format for final stage funding. Your case is presented to underwriter for final decision. If your project is legal and viable, lender will formulate funding structure for final closure.

How Long Does It Take?

The process, on average, takes about 60 days from due diligence to complete the funding process.