Finance - How We Work
We are currently focused on working with our source's "Financial Instrument Loan Program" starting at US$1 million. This financing program could meet your capital needs depending on our source's review of the financial instrument to be used as collateral for the loan and specific project's financial requirements. All loan terms and conditions offered by our source compare favorably with Top World Banks. Also, up to 50% Humanitarian Grant could be provided by our source for capital requests that qualify as such.
Please keep in mind the following most important issues regarding the above financing program:
1. We, ARGO, have to prove first to our source that the Borrower has the financial capability to do the deal. As such, the Financial Instrument offered as collateral must be fully backed by the Borrower's or Collateral Provider's assets. Lending against leased or borrowed bank instruments can be considered once our preliminary appraisal is successfully conducted;
2. We will respond to the Borrower or Collateral Provider with an initial conditional/confirmation letter of acceptance and/or confirmation of financial capability, stating that they will lend if the conditions of a satisfactory Guarantee (financial instrument) is delivered, covering the loan amount with interest;
3. We, ARGO, then sign a Securities Capitalization Facility Agreement with the borrower whereby such Agreement entitles the borrower to process the acquisition of banking instruments through ARGO in order to raise funds from financial sources of ARGO around the world;
4. We, ARGO, will organize proper funding arrangement in the light of signed SCFA with the borrower and thereafter keep the status of a Financial Monitor to observe the utilization of funds by the borrow under a specific "Project Progress Report" to be submitted by the borrower on an agreed periodical basis;
5. We, ARGO, will act solely as Financial Consultant without any responsibility of disbursing funds or issuing Bank Comfort Letter for or on behalf of the borrower;
6. We, ARGO, shall obtain a signed FEE PROTECTION AGREEMENT along with NON-CIRCUMVENTION/ NON-DISCLOSURE AGREEMENT from the borrower prior the execution of the transaction;
7.We, ARGO, normally do not charge any upfront fee depending on the size of the transaction. In cases where lot of work is needed for the facilitation of the funding arrangement, ARGO may seek initial processing fee for successful implementation / compliance of terms as mentioned in the SCFA for the sole benefit of the borrower. Such initial fee should always be adjusted against the fee as agreed under the FEE PROTECTION AGREEMENT;
8. We, ARGO, come into contact with the funding agencies / financial institutions / banks around the world through its wide network in USA and Europe represented by qualified professionals. We do not expect borrower to come into any direct contact with prospective funding agency during the course of financing process;
9. We, ARGO, believe in performance-based income and as such ensure that the borrower is fully secured against any non-performance. Hence, we also sign an Indemnity Agreement in exceptional cases depending solely on our own discretion and evaluation about the merits of the borrower;
10. We, ARGO, deal with genuine borrowers and avoid doing business with time-wasters / non-performers. We normally do fix performance deadlines for the prospective borrower(s) in order to avoid wastage of time;