Credit (LOC) Enhancement

In cooperation with a large bank in Asia, Payclass offers a 3x credit enhancement program.

• Bank will inject 3 times the amount customer will provide as cash.
• For example, if Customer deposits $ 10 million with our Bank partner, the Bank will add $ 30M to the account, for a total of $ 40M cash on hand, at customer’s disposal.
• Minimum $ 10 million cash from customer.
• No Due Diligence fees to the customer. Lender will pay for them.
• Credit (LOC=Line of Credit) Enhancement program is open to pre-revenue startups, as long as they mostly acquire hard assets and acceptable LTV is being respected
• Underwriting requirements are deal-specific, although Bank partner applies general US standards.
• Underwriting requirements for startups vary heavily.
• PriceWaterhouseCoopers administers this program for the Bank.
• Timeframe to close is 2-3 Months
• Funds transfer is relatively quick, in a matter of days.
• Interest rate varies from 8% to 15%, and is project specific.

Documents to start:

• Exec Summary
• Deck
• Proforma