F3F Resources prides itself in providing financing to individuals and business professionals globally. Our essential duty is to make sure that each ICP receives the financial support needed to meet their transactional demands.
As a fund provider, our responsibility is to carry out the execution of meeting the transactional demands of its ICP's needs. This allows us to secure bonded insurance policies to insure the loans issued.
Our Insurance Binder Obligation through its Insurance Line ranges from $1,000,000 to $100,000,000. The funds are issued to F3F Resources to secure assets such as BG, SBLC, Bank Drafts and POF’s. This ensures that each bond issued is placed into a private placement opportunity.
3.5%
2.5%
Receive 5% in monthly surety interest rebates paying $50,000 to $5,000,000
for 12 months earning a total of $600,000 to $60,000,000 in 12 months.
Note: The project value to be paid upon issuing of the Project specific Insurance Binder Obligation. Should the project funding not be granted the Insurance Binder Obligation will be cancelled and the issuance fee will be returned to the ICP within 30 days of the notification.
A. ICP submits loan application form. DD is carried out and project viability.
B. F3F Resources will approve or reject the loan application.
C. F3F Resources makes formal offer to the ICP including specific agreed terms.
D. ICP makes application for the Insurance Binder Obligation (as specified in the loan application).
E. ICP pays for the Insurance Binder Obligation.
F. Insurance Binder Obligation issued to F3F Resources on behalf of the ICP.
G. F3F Resources presents the Insurance Binder Obligation on behalf of the ICP to bank.
H. ICP pays fees for the loan offer.
I. Bank makes fund transfer to F3F Resources nominated bank.
The lending specifies the internal insurance arrangements for granting and monitoring of credit facilities throughout their lifecycle. They introduce requirements for ICP's credit worthiness assessment and bring together the EBA’s prudential and consumer protection objectives.
The loans aim to ensure that institutions have robust and prudent standards for credit risk taking, management and monitoring, and that newly originated loans are of high credit quality also to ensure that the institutions’ practices are aligned with consumer protection rules to the loan’s requirements.
As soon as all paperwork is filled, signed and returned for official documentation, and you are is in consensus with our Terms of Service, the stipulated transaction would be completed at least 3 working days.
We wish to inform you that, we do not charge upfront fees (either application fee or commitment fee) as the fees are fully paid by us but you will be required to insure your loan at an insurance company against any eventuality and when you are unable to repay the loan in full, the Insurance company will be held responsible by this firm.
And as soon as your loan funds are secure and approved then we will quickly transfer your bank (Banking Institution) to initiate the wire transfer of your loan into F3F Resources designated bank account.
We, F3F Resources acting with full corporate responsibility, state with full legal responsibility that we are 100% ready, willing and able to fund your Business / Investment loans but provided you are in consensus with our terms of service (TOS).
To enable us to proceed to the next phase of your application, kindly forward either your "Business Plan" or "Letter of Intent" to provide us with details about your project review and the type of Collateral you have to secure this loan.
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Insurance Binder Obligation