How do I know that this is a real offer, after all Trust Management Services Inc. is a Private Lender?
We do not expose our client list as references to other potential clients because under private lending we keep our client's business totally confidential and cannot use it as a form of solicitation. Your loan also remains totally confidential unless you reveal your loan details, that's your business.
Furthermore, our bank communicates for us with your collateral issuing bank, via a S.W.I.F.T. reply to provide the assurance you that the loan structured will be funded under the specified terms and conditions outlined in the Term Sheet provided.
We work through the bank as their client just the same as you, as a Client, works with your bank. Do you really think that if we have the ability to receive the collateral contracted to our bank - they would just cooperate without knowing who we are and what we do?
All is explained and moves forward with success under the procedures and Terms and Conditions outlined in the Term Sheet that we issue once the application is approved..
It costs very little to seek out that this is a real deal, our bank to bank communication tells you that it is very real and you will be satisfied that your loan is approved and begins to deliver funds to the project within 45 banking days!
What does it cost to apply for a loan?
The first step is to PURCHASE the application documentation, FILL IT OUT and apply for the loan. The cost associated with this is Five Hundred United States Dollars (US$500.00) for the Small Loan Application and Nine Hundred United States Dollars (US$900.00). for Private and/or Government Applications.
THIS IS NOT AN UPFRONT FEE, IT IS THE COST OF THE APPLICATION FORMAT THAT WE REQUIRE TO EVALUATE YOUR APPLICATION APPROVAL.
After sending in the loan application, how long does it take to process?
The loan approval takes up to two weeks. We first carry out basic due diligence on the applicant(s). Then we may contact the applicant for more details and information required before final approval.
What happens once the application approval is given?
The signatory providing the application will be contacted to review any questions that may have come forward. After this contact you will receive a TERM SHEET outlining and describing under which terms and conditions we would approve the loan. The TERM SHEET becomes the guideline to bring the loan to a reality.
Are there advance fees and costs to initiate the loan?
The costs to the client are as follows:
1.) The application documents themselves and the cost for us to provide you a draft format required, accept your application as presented, discuss with the Client any items requiring clarity on the application forms, then we review the project presentation provided, carryout initial first stage due diligence and then write back a Term Sheet outlining the funding proposal - cost US$900.00 - payable before we can start any negotiation of a potential transaction.
2.) Once the provided TERM SHEET that is presented to the Client is negotiated and determined ACCEPTED, then a Commitment Cost becomes due and necessary for payment. This cost varies as to amount of loan requested and the structure of the loan applied for; it serves as your commitment to accept the procedure outlined for a successful close.
NOTE: It must be understood we involve lawyers, accountants and our bank relationships to provide everything to be a successful transaction between ourselves and the Client. These other involved parties also require a Commitment cost from us to carry their responsibility involvement within the transaction. The Commitment Cost is our assurance that we are working in unision and both the Client and ourselves are COMMITTED to finalize what the Term Sheet states.
Just a Comment: If you would take your project forward to a conventional institutional Lender they would immediately require you to make payment to review the project, this would not be for approval, but just a cost for the review to determine the possibility of a loan approval.
If the institutional Lender would tentatively approve your project for funding, they may impose an additional cost for issuance for a written Term Sheet to provide a platform for loan negotiations. The institutional Lender would then also reflect a commitment cost once the Term Sheet was accepted to take care of the administration costs and make certain you were committed to the project funding offered.
3.) Additional costs would be related to the issuance of the collateral. These costs would be Bank charges from the Bank with whom the applicant may choose to work through. These costs could involve the bank to issue an introductory letter (Ready, Willing and Able (RWA)) to the Client, usually at a minimumal cost, if any cost at all. This letter would usually be part of an overall process for the bank to confirm collateral issuance.
If the bank is to forward a S.W.I.F.T., via MT799 format (or equivalent) as a pre-advise message in a bank to bank communication, then these S.W.I.F.T. procedures to confirm the RWA letter to our bank would usually be at a minimal cost.
The bank cost for sending the confirmation of the collateral, for example a Bank Guarantee (BG) or Standby Letter of Credit (SBLC)) or equivalent financial instrument, or a bank responsibility on specific collateral, sent via S.W.I.F.T. banking procedures. The bank will charge a transmission cost and that is for the Client to negotiate all the referenced bank fees on their own - this is NOT a part where we are involved. The Client banking arrangement is the sender of the collateral, our Bank is the Receiver and we are responsible for our costs with our bank and the Client with their bank.
Remember that this expense is ONLY applicable when all is finalized between the ourselves as Private Lender and Client. Minimal fees are received by Trust Management Services Inc. to reach the approval stage to the Client. All costs applicable are justified as to charges made.
What is acceptable collateral toward a loan?
We accept Cash, Solid Financial Instruments (Bank Guarantees and Standby Letters of Credit), Government Guarantees (even from African and other third world nations) if the country credit rating is reasonable, Gold (if Dore Gold we have to make sure it is registered and refined), diamonds (rough or polished - we can arrange sale of these diamonds if necessary)
In ground assets are also taken as collateral but more difficult to have accepted when the commodity climate in the markets is too volatile
Please be advised that some individuals and /or corporates are claiming to be representatives of our company. Some may show possesion of business cards and our stationary indicating association. All our agents and representatives can be verified with a contact email sent to us and we will confirm their association, if any. These individuals and/or corporates also may ask for deposits of funds to seek out funding for clients - BEWARE - all funds that are paid to ourselves for any preliminary application or association; are collected ONLY via a direct deposit to our Canadian Bank account, OR on PayPal via the Shopping Cart from our website, or you may pay, via telephone by credit card.
NO FUNDS ARE EVER COLLECTED AS DUE IN PERSON
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