Acceso Privado
FINANCIAL SERVICES
CREDIT APPLICATION
GENERAL PROCEDURES FOR FINANCING
- Fulfill an application form with information about the applicant and the project.
Note: no need to attach any documentation. - YORKLYN FINANCE will determine if the application is feasible or not. If positive, Yorklyn Finance ltd. will communicate it to the client through the denominated "Letter of feasibility" , in which the financial international parameters will be indicated.
- If the client is interested in such conditions, he will have to honour the payment of administrative fees (€ 850,00 + VAT) and the incorporation of an international company (€ 3.400,00 + VAT) to YORKLYN FINANCE. These fees may differ depending on the documentation presented by the client.
- If the client is not interested in the mentioned conditions (see 2.), he has the right to waive his presentation without paying any fee to YORKLYN FINANCE for the work done.
- If the client wants to continue the process, he will have eight days to pay the mentioned administrative fees (see 3.).
If not on time, YORKLYN FINANCE will not accept any other application of this client for a period of 2 years. - After the bank deposit, the client must present all original documents mentioned in his application (see 1.) which YORKLYN FINANCE included in the presentation following the client’s agreement.
- The application will be presented in English and local language of the Project location country. YORKLYN FINANCE may translate all the documents through the corresponding fee payment – 50% at moment of requesting this service, and 50% when delivering the translation.
- In the case of creation or refinancing a Company, and a “Business Plan” is required, the client should present it properly translated and according to parameters of the country where financing promoters are settled, at his own responsibility. In this case, the client could also entrust this work to YORKLYN FINANCE under the mentioned conditions of payment (see 7.)
Note: When the Business Plan presented by the client does not qualify according the parameters required by financers, the client will be responsible for any delay or paralyzation of the process, or any nuisance occurred. - After the payments according to item 3., the client will receive a dossier by duplicate with the corresponding: conditions, financing features, procedure, costs, final form and agreement. One of the copies should be returned duly signed at all the pages of the agreement.
- Commission will be from 5% to 10%, depending on the type, amount and complexity of the project. This commission will be paid at the end of the process, with no pre-payment claim in advance.
- All valuations and appraisals are the client’s responsibility.
- In the case that the financer requires the incorporation of a company (as described in Chapter III, point 2), it should be fully paid in advance. YORKLYN FINANCE will incorporate it and will administrate it during the funding amortization period.
- The funding period only starts when all therequired documentation of the client, is received in the language of the financer or promoter of financing entity. That period will stop when new documents are required to the client until the moment the mentioned documents are presented.