Our Process
Depending on the complexity of the project the entire process can take from 3 weeks to 12 weeks.
- Initial Meeting or Call
- Initial Analysis
- The following documentation is also supplied at this time: Three years of year-end, externally prepared financial statements from a qualified accountant (CA, CMA, CGA).
- Interim financial statements to whatever month end is currently completed. The income statement should be on a year to date bases and the balance sheet at the same date.
- Aged Accounts Payable and Aged Accounts Receivable at the same date as in (b) above.
- Interim financial statements similar to (b) above, but from one year earlier.
- Clarification Meeting or Call (1-2 days after receipt of information)
- Assess Market Appetite (1-2 days after Step 3)
- Execute Engagement Agreement and Pay Work Fee (1-2 days after Step 3)
- Loan Outline Created (1-4 days after information is received)
- Lending agreements
- Unanimous shareholder’s agreement
- Project specific appraisals
- Project feasibility assessments
- Purchase & Sale Agreements
- Licensing Agreements
- Equipment Specifications
- NDA Executed
- In Depth Due Diligence with Funder(s) (5 – 10 days)
- Funder issues a Term Sheet
- Term Sheet Acceptance
- Additional Due Diligence by Funder (up to 3 weeks)
- Offer Issued by Funder and Accepted
- Legal Work Completed
- Disbursement
Introductions, Project Overview, Management Profile, Funding Required, Source & Application of Funds, Benefits of Project. NDA is provided in order for TGC to collect data.
Written document provided to TGC from management explaining what they believe will be the benefits of the project in economic and qualitative terms to their business, i.e. cost savings, increased revenue, increased capacity, etc. This should include a rationale to justify the benefits of the project.
Address any questions or additional data requirements.
TGC has high-level discussions with potential funders to determine interest and next steps.
If the funders in Step 4 indicate a positive likelihood of completing the transaction (generally 90% certainty is the targeted threshold) an Engagement Agreement is executed and the Work Fee is paid.
TGC requests significant information and creates a 2 to 5 page document to introduce the project to funders in a fashion which allows funders to quickly assess their appetite on an official bases. Documents requested typically include (but are not limited to):
If the funder(s) have a high level of interest they execute an NDA and receive detailed project information. Not all funders will execute an NDA.
The Funder(s) will create an extensive list of questions relating to the business, the project, financing, management, customers, etc.
The Funder issues a letter outlining how they believe they would structure a financing for the subject project. This includes proposed terms and conditions.
The client accepts the Term Sheet and pays an application fee.
Detailed assessment of how the project can now take place.