Initial documentation must be completed with the business owners before any discussions can begin.
Funding Process
Table of Contents
- Step 1 - Initial documentation
- Step 2 - Preliminary client meeting
- Step 3 - Initial review
- Step 4 - Indicative Terms (Initial Approval)
- Step 5 - Presenting indicative terms to the client
- Step 6 - Engagement
- Step 7 - Due diligence, risk assessment & underwriting
- Step 8 - Presenting final offer to the client
- Step 9 - Legal process
- Step 10 - Disbursement of funding
Step 1 - Initial documentation
- Non-circumvention and Non-disclosure Agreement (NCNDA).
- Deal in-take form.
Step 2 - Preliminary client meeting
Preliminary meeting is conducted for both parties to understand each other and decide if we move ahead or not.
- We introduce our company, explain our funding proposition, our fees, our process, and timelines involved to the client.
- Client explains the project in brief.
- Q&A session follows.
- We move to the next step if both parties agree.
Step 3 - Initial review
Initial review is necessary to indicate interest in the business/project and avoid wastage of time for both parties.
- We indicate in-principle interest or lack of interest after reviewing the documents provided.
- Client provides access to project data room if we indicate interest in the project.
- We analyze the information provided in the project data room, and move to the next step.
Step 4 - Indicative Terms (Initial Approval)
Indicative terms are in-principle approvals for the project and are subject to further due diligence, risk assessment and underwriting.
- We prepare an executive summary and report for the funding channel as per their requirements and submit the project for approval.
- We liaise with the funding channel's analyst and the client to provide any missing information as appropriate.
- We get indicative terms from the funding channel based on information provided.
Step 5 - Presenting indicative terms to the client
Indicative terms are presented and explained to the client, along with our fee agreement.
- We arrange a meeting with the client to present and explain the indicative terms.
- We present and explain our fee agreement and scope of work.
- We move to the next step if both parties agree.
Step 6 - Engagement
This is the engagement process once both parties agree.
- The indicative terms and fee agreements are executed by both parties.
- Invoices are generated by us and the funding channel for payment.
- Client pays our engagement fees to us, and the due diligence fee to the funding channel separately.
Step 7 - Due diligence, risk assessment & underwriting
In this step we start working with the funding channel and the client to complete the due-diligence on the project.
- A dedicated analyst is assigned for the business/project by the funding channel.
- We liaise with both, the client and the funding channel's analyst to help complete the due-diligence, risk assessment and underwriting process on the project.
- Follow-up meetings are called for, and missing information is requested, as required.
- Complete project report is submitted to the funding channel, and final offer is generated.
Step 8 - Presenting final offer to the client
Funder’s final offer is presented to the client and agreed upon by both parties.
- We arrange a meeting with the client to present and explain the final offer.
- Amendments are made to the final offer (if required) after discussion between client and funder.
- We move to the next step if both the client and the funder agree.
Step 9 - Legal process
In this step, the legal structure and documentation is put in place.
- Financing agreement is reviewed by lawyers from both sides.
- Clauses are finalized and tweaked as appropriate.
- We move to the next step if both parties agree.
Step 10 - Disbursement of funding
In this step, funding is disbursed for the project.
- Funding is disbursed as per mutually agreed disbursement schedule.
- Work on the project begins on the client side with lender oversight on usage of funding in different project stages.
- We assist where necessary, till funding is fully disbursed.
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Copyright © 2025 Berkshire. All Rights Reserved