Overview of Domestic Funding Program
NECCO Capital Group works with borrowers that seek non-traditional alternatives for financing project developments, sales/acquisitions and other related business interest.
Through an AML [anti-money laundering] and OFAC [Office of foreign asset control] based compliant network of international lenders who are partnered with A+ rated international insurance carriers, NECCO’s B and C- rated clients as well as “start-ups” who are requesting funding, become qualified. Unlike conventional bank lending, these new “liquidity bond” secured clients are funded. As a financial instrument Liquidity bonds secure funding, eliminating any risk for the lender while creating financing opportunity for the borrower. This is much different than a conventional bank’s approach.
The NECCO platform allows their clients projects to become “stabilized” staying with the present funding structure.
Features of Our Program
- All types of credit considered.
- No personal recourse.
- No debt-to-income or performance ratio caveats as requirements.
- Clients’ business plan must meet capability requirements.
- Funds will be dispersed over a 12–24-month period as per the cash flow requirements of the project.
- Seed money is insured through Lloyds of London syndicate, eliminating any risk to the client. Should the client decide not to participate in the funding program after reviewing the term sheet, seed money will be refunded.
- Client’s monies received into the NECCO Capital Group Trust account are insured. Theft, cyber liability, hacking, wrongful acts, misuse, fiduciary liability, lender liability, wire funds loss, fraud are but a few of the coverages provide. The client will be named as an additional insured onto all NECCO Capital Group policies during the entire funding process. A certificate of insurance will be issued to the client when funds are received (wired) into NECCO Capital Group Trust account.
