|
|
 |
|
|
INDEPENDENT REPRESENTATIVE OF EXIM BANK
|
| |
PEKARO is an Independent Representative Of EXIM BANK. Export and Import Bank was established during president Bill Clinton’s tenure in office during 1997 to promote American products in the market and affordable to third world countries for international business promotion. To the third world, it’s seen as an assistance from the big brother America.
Export and Import (EXIM) Bank does not give loans to organizations. Rather, what they do is to stand as a guarantor for the company or country that is qualified and looking for the help financially while the actual bank the will take the responsibility of ensuring the obligation is fulfilled by paying 85% of the cost of the equipment (or product) needed for the projects. The lending bank in turn does not give out money. The value of the equipments are established by the Pro-Forma Invoice from the exporter working for the prospective candidate asking for the bank loan. What is required by the EX-IM BANK/Lending Bank from the prospective borrower are: * Personal resume of the CEO /owner of the company asking for the loan
* The business plan of the existing company
* Five years Financial Account Report of the company if the amount being sort for is 1 million US dollars and above, this will not be required if it is below a million US dollars
* A Pro Forma Invoice stating the cost of the equipment you intend to buy will equal the amount of loan for which you are asking.
If you need help in preparing the Financial Report, we have a qualified chartered accountant approved by the EX-IM BANK to prepare them for you. After preparing your documents, you send your package to Pekaro International who will first review the documents to make sure things are in order before sending them to the lending bank. The lending bank receives the documents then will acknowledge the receipt to the prospective borrower, introduce themselves to the borrower and copy Pekaro International Trade. At this point the bank will require the fees from the borrower to process the documents.
|
|
|
|
|
|
|
|