Finance Department
|
|
"WE BRING BUSINESS & PEOPLE TOGETHER!"
Welcome at the entry of successful solutions beyond the norm.
Western Business Centre is specialized in building bridges between our partners and customers, which are investors, capitalists, financial institutions project manager, etc. We support our customers with the necessary information and solutions as a consultant and co-investor. Very often we are not doing what is normal. But you can count on our network of international experts.
Our philosophy is "
Let a vision become true!"ABN: 29 499 538 490
|
Customer Service | |
|
Financing First of all we don't see us as a standard broker in the area of financing. Because we are a corporate consulting company and a co-investor as well, we always try to combine the synergy effects to get the best result for you. We carefully study your project and capital need before we enter into negotiations with our partners. Our focus is not just fixed on the project side. We want our investors being on the safe side as well. That is why we are building bridges between both sides. This is our secret of success even in very difficult cases. Also we have a special program for film financing and musical financing. The same is valid for renewable energy projects. |
Corporate Consulting Our solid experience in the area of corporate consulting and management make it possible to help our customers even in a difficult situation. We are focused on start-ups as well as on the expansion of a company. There is no limit of what branch you are working. It is one of our specialties to create a business plan, which can be used for private investors and for financing institution. Beside that we accompany our customers in marketing and selling their products worldwide. Our experts are specialized to develop a marketing and sales plan, which fits the different needs and desires of the various nations. |
|
Legal Services You need help to set up a company or an office in Australia?Our legal department is able to support you with all necessary information. If requested we establish your company or office. We prepare the necessary steps and documents, do translations and we will bring you into contact with a lawyer, and tax adviser, notary public or whomever you need. Beside that we will accompany you in the field of company merger, company purchase or sell. |
Fees and Services
Financing Fee
Our financing fee is "success based". You have to accept the terms and conditions of the financing we arrange for you before we are entitled to any fees. The lender or you then pay our fee to us when the funds are dispersed. It is an additional cost of the financing that you will pay.
Financing fees - "points" - can range from an extreme low of 2,0% (honestly quite rare) to 10%. Incidentally, the points just mentioned do other brokers charge "total" points that include those and referral sources if any are involved. Points that may be charged by the funding source are additional costs to the borrower. Of course, as a rule the larger the financing, the smaller the fee.
Often, however, there is a small application and processing fee for certain co-brokers and/or lending sources. A refundable (at closing) US$ 1.000 or even higher fee is not atypical, but neither is a large five-figure one on larger deals, but whenever possible, we do not take our clients to those places. Instead we can almost always work with sources and colleagues who do NOT charge up front fees unless it is for a specific service.
For projects above $10 million, we can arrange 100% financing for a 10+-year term at individual %. There can be a grace period of up to ten years. Sometimes the source requires collateral equal to 10% of the loan amount and it must be in cash or a cash equivalent. Real Estate is not accepted as collateral. This source has no up front fees of any kind and even their due diligence costs can be paid for out of the proceeds. They obviously are looking for substantial clients and deals, but they are real.
Consulting Fee
For free
, we will send you a checklist of what needs to be in your business plan, and again, for no charge, we will be happy to answer a few questions. We only ask that you sign our Confidentiality/Non-Circumvention and Fee Agreements prior to our helping.Sometimes that assistance is enough, but most of the time it is more expedient to simply let us work with you to re-write your plan.
Those re-write help is performed for a fixed fee of US$ 5,000 plus direct expenses. The engagement, and therefore its expenses, almost always includes visiting with you in person.
If a business plan needs to be developed or extensively recast, a fixed fee of US$18,800, plus direct expenses will get it done if the financing being sought is relatively small. If the funding request is $20 million or more, the rules change and the work is much more complex. Our fixed fee to develop or completely re-write a business plan of that magnitude is US$27,000, plus direct expenses.
Those three fixed-cost services assure you of having a properly packaged and submitted loan/funding request. As well, they represent significant savings to you because we don't have to monitor our hours and know when we start what the end product will be.
Any other assistance can be obtained on an hourly basis or a negotiated fixed price.
Our professional fee is US$150 per hour plus exact expenses incurred in doing the work.
Legal Services Fee Please, contact us by !
|
Some important tips | |
|
Number 1 |
Never pay an up-front, commitment or origination fee to a funding source without an ironclad guarantee it will be refunded if a loan is not made. (A commitment fee is required AFTER the lender’s due diligence has been satisfactorily completed and they are ready to commit funds. This fee, usually 1% of the requested amount CAN OFTEN be negotiated down, but CAN almost NEVER be negotiated away or be moved to closing.) |
|
Number 2 |
There is no such thing as "guaranteed funding" |
|
Number 3 |
Start-up financing will require at least 10-35% equity and that is if you have a lot of experience in the industry and that industry is generally regarded as a "good risk". Acquisitions will probably take at least 10-25% equity. |
