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Should we find the information provided incomplete, we will request additional details. This is crucial for our Lenders’ Pre-Underwriting team to accurately assess your project. Clarifications may be needed as Lenders must fully understand your project to determine the possibility of providing debt finance.
For projects that meet funding criteria:
If your project aligns with the Lenders’ criteria based on the information you’ve submitted, we will inform you of the next steps. The Lenders’ Pre-Underwriting team will then further progress your funding inquiry.
Information required for eligible projects:
- Details of securities, guarantees, insurance pledges, etc.
- Details of exits/offtake agreements / how your loan will be paid back
- Feasibility reports
- Valuation reports
- Financial due diligence on the borrower
- Financial due diligence on the project
- Financial models of the exits/offtake agreements / how your loan will be paid back
- Complete business plan and set of financial Excel docs shown below:
- Sales projections. A sales projection is a prediction of the amount of revenue a company expects to earn at some point in the future.
- Cash flow statement. A cash flow statement expresses a company’s results or plans in terms of money in and out of the business, without adjusting for accrued revenues and expenses.
- Balance sheet. A financial statement that summarises a company’s assets, liabilities, and shareholder’s equity at a specific point in time.
- Profit and loss statement. A financial statement that summarizes the costs, revenues, and expenses incurred during a specific period of time. Usually a fiscal quarter or year.
- Income statements. A financial statement that measures a company’s financial performance over a specific accounting period.
- Documents must be provided in an Excel open format.
For projects that do not meet funding criteria:
If your project does not meet the Lenders’ criteria, we will promptly notify you of the decline after the initial review.
How long does the Initial Project Assessment take?
The Initial Project Assessment is expected to take about 3 to 5 working days, subject to our current workload. You will be notified about the Pre-Underwriting Team decision without delay.
Thank you for considering AltFin for your project finance needs. We look forward to the possibility of working with you!