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Proof Of Funds Provider Procedures

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1. Client must have their bank financing arranged conditionally upon the presentation of acceptable collateral from an acceptable bank.

2. Client must obtain a conditional commitment letter from their bank addressed to the client (sample format attached)

3. Client must have 1.75% of the required instrument.


1. Client applies to POF

a. Client provides POF letter of intent

b. Client provides POF a completed application and supporting documents

2. POF issues documents to the client

a. Term sheet

b. Letter of Intent

c. Engagement fee request letter

d. Sample conditional commitment letter

3. Client sends $10,000.00 non-refundable engagement fee to POF.

4. Client sends POF the conditional commitment letter provided by the bank.

5. Client moves their 1.75% of the required instrument size to an acceptable escrow attorney. Escrowed monies are not released from escrow until after the instrument is delivered.

6. POF’s bank contacts the clients bank at the coordinates provided in the conditional commitment letter.

a. Banks discuss and come to terms on acceptable instrument text.

b. Banks discuss and come to terms on acceptable instrument transmission (delivery).

7. POF orders its bank to initiate and finalize the transaction between the banks.

8. POF’s bank delivers the instrument of principal and interest to the clients bank.

9. Client’s receiving bank receives the previously agreed upon bank debt instrument upon acknowledging its acceptance confirms this with its client and escrow attorney.

10. Client’s 1.75% is released from escrow to POF.

11. 15 Days from the date of the banks acceptance and acknowledgment of the bank debt instrument, the client releases 6.75% to POF.

12. Client’s bank funds the loan

13. Client bank deposits the proceeds of the loan into the bank who issued the bank debt instrument or to mutually consented coordinates from which monetary draws will be made by the client in conformity with his transactional requirements.

14. On the 91st day the client begins making principal and interest payments at LIBOR (+ floating rate*) to POF or to its order until the loan has been paid as agreed.

15. Client’s bank perfects payment on the bank instrument at its maturity date (12 months from its date of issue).


*Floating Rate would be determined in review of the transaction after we’ve received the bank letter and our bank has communicated with the clients bank.

Issuing Banks:

1. HSBC in London

2. HSBC in New York

3. JP Morgan Chase in New York

4. Wells Fargo Bank in California

Pricing is a moderate total of 8.5% for the use of the instrument and on month three the client begins making principal and interest payments at Libor + a floating rate (*Floating Rate would be determined in review of the transaction after we’ve received the bank letter and our bank has communicated with the clients bank.)  There are several benefits to the structure we are not offering.

1. Once the clients bank provides the client the conditional commitment letter our bank opens up a line of communication to agree upon instrument type, text and delivery protocols.

2. Transactions can be as small as $5 million United States Dollars.

3. You can spend your time with clients that have real closeable transactions, clients do not lose money and we do not lose time spent on clients with no transactions.

4. Other than the engagement fees which covers expenses of the attorney documentation, initial due diligence, etc., No moneys are released from escrow until the clients bank receives the acceptable collateral from a bank acceptable to them.

5. There is bank to bank communication by phone, fax and/or Swift prior to entering into a final contract with POFLLC to make sure POF and the client are not wasting any time or energy.

6. The client makes no payments to his lender whatsoever.

7. The instrument can be the primary and/or only collateral used to support the clients credit facility.

8. The client can get a loan from many different types of creditors to include but not limited to the following.

a. Banks

1. Private Banks

2. Commercial Banks

3. Retail Banks

4. Investment Banks

5. Central Banks

b. Credit Unions

c. Saving & Loan Banks

d. Angel Investors

e. Equity Investors

f. Brokerage Firms

g. Hedge Funds

h. Investment Funds

i. Pension Funds

j. Venture Capital Firms

k. Private equity firms



Dane is one of several Proof of Funds providers we transact business with.

2 replies on “Proof Of Funds Provider Procedures”

If you need Proof of Funds we have five providers. This is one set of procedures. We have one source that offers to meet or beat any legitimate term sheet.

These close quickly.

We have several sources for POF. This is a powerful source to secure what you need to fund a project or obtain goods and services. Study this and use these services for your benefit.

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