… have a project for which you need a loan or line of credit but the bank will not extend a loan or line of credit on the merit of your transaction alone? Could you use some additional collateral to strengthen your transaction with the bank? If Yes, please continue reading…

Our company contracts with our clients for the issuance of bank debt instruments which are used as a secondary lien position collateral to support a loan or line of credit for an underlying transaction which has gone through credit and compliance underwriting with the respective bank.

In essence this is a company cosigning on your transaction's loan or line of credit by providing additional collateral. The collateral is only designed to be used as a secondary lien position as this mitigates some of the risks for the provider of the secondary collateral that the collateral may be called upon in the event of a default.

The collateral is callable, lienable; corporately transferable; corporately assignable and, and also most importantly ("Collateralizable").

E-mail us today if you or your clients have the need for additional collateral to enhance their loan with a bank.

Proof of Funds, LLC an MBH Holdings company contracts bank debt instruments which our clients use for credit enhancement in second lien position with their banks for loans or lines of credit in the form of Certificates of Deposit, Bank Guarantees and Letters of Credit that are cash-backed from top 25 banks. What makes this collateral so strong is that the instrument will be in the name of the Beneficiary, and is fully lienable, collateralizable, callable, transferable & assignable.

The collateral can be transferred to the client's bank account with either the traditional inter-bank procedures or the new Collateral First via MT 760 SWIFT. The new procedure applies to Standby Letters of Credit, Bank Guarantees and Direct Pay Letters of Credit for 12 month periods only. Certificates of Deposit are not included in the Collateral First via MT 760 SWIFT procedure.

Minimum of $10 million instrument. Chad.jenkins@pofllc.com
SKYPE chad.r.jenkins