Nowadays, FinTech is no longer a buzz word in media. In November 2020, International Financial Corporation (“IFC”), members of the…
The major benefit of syndication to Borrower is the large financing amount to be provided by a group of lenders for capital intensive project. Since all lenders share the same credit risk for a single transaction, Borrower do not have to approach and negotiate with numerous lenders to fulfil a single purpose substantial financing. Syndication loans save the time and most likely the cost of financing for Borrower. Imagine if a lender could save the time to conduct due diligence, terms negotiation and client acquisition, the lender would accept a lower lending rate due to saved staff cost and administrative cost…..(read more)
Syndication loan is a financing offered by a group of lenders who committed to provide a financing with the same terms and condition under a single financing agreement. The key benefit for a syndication loan lender instead of bilateral loan…….(Read more)
One of the most panic questions to business owner is the processing time of business financing generally take longer time than the business financing needs. In traditional commercial banks, the average time to funding of Corporate Lending (a general business financing term including SME financing) is generally around Three Months. The time to funding count from the financing application to funding deposited to bank account. From an experienced banker point of view, these processing cycle make sense as data collection, KYC, industry research, data verification, internal credit proposal parathion, credit approval negotiation and account opening all need time to process. From business owner perspective, these times is unacceptable as business needs change quickly and seldom has business can foresee the financing needs prior three months ago.(continue reading)