Our team of analysts require some basic initial information to ascertain whether we believe the financing needs of the business can be met through our funding solutions. We typically require the below minimum at this stage:

Executive Summary - which should include the following components:​

​

1. Introduction/Problem Statement: Briefly describe your company/ project and highlight the specific problem or need your business addresses. 

2. Solution: Explain your proposed solution and how it effectively solves the identified problem. 

3. Value Proposition: Clearly state the unique benefits and advantages your product/ service offers to the target market. 

4. Market Analysis: Provide relevant data, including market size, trends and the specific target market you are addressing. 

5. Business Model and Strategy: Briefly outline your business model and strategies that you will employ to achieve your goals. 

6. Team: Introduce your team and highlight their relevant expertise and experience. 

7. Financial Projections: Summarise key financial information such as projected revenue, costs, and profitability. If applicable, please include historic financial performance as well.

8. Funding Request: Clearly state the specific amount of funding you are requesting and an explanation of how the funds will be used. 

9. Expected Outcomes: Summarise the anticipated results and overall impact of the project or business. ​

• ​If the review of the Executive Summary is successful, and we believe we can assist the Client, Fidavora will arrange a conference call with the Client (and any relevant Introducer, if applicable), to discuss matters further.

• This conference call typically takes about 1 hour to complete.

• Both Fidavora and the Client have the opportunity to explain in more detail their respective businesses and how they operate, while focusing on the specific funding need that the Client has. The Fidavora analyst may ask the Client detailed questions during this video conference call to ensure the Client's business and funding requirement is fully comprehended.

• Should both parties feel the conference call has been successful, a number of action points will be agreed on.

Follow up action points Stage 2 will be completed, including completing basic paperwork (such as NDAs), obtaining further access to more detailed Client information (such as a data room) etc.

​

The Fidavora analyst will then perform a full review, exchange calls/emails with the Client in order to be in a position to submit to our Funding Channel to obtain its Letter of Engagement and Indicative Terms (LoE & ITs). During this stage, commercials will also be legally agreed on in writing between Fidavora and the Client. The case will be submitted for the LoE & ITs after this, which typically take 7-10 working days to obtain.

Upon receipt of the LoEs and ITs, the following will be initiated:​​

​

1. Our analyst will send the Client a copy, along with a brief explanation to the key points. The indicative terms are backed by one of the Lenders/Investors as confirmed within the LoE & ITs document.

2. Another conference call between the analyst, Client and any Client professional partners (such as accountants or lawyers) is arranged to discuss the LoE & ITs in great detail. We encourage Clients to review the LoE & ITs before this conference call to expedite our ability to obtain any changes/points of clarification that the Client may wish to have.

3. Action points are agreed on by both parties changes to the LoE & ITs are sought by the Fidavora analyst until the Client, Funding Channel and Lenders/Investors are happy to proceed into formal legal engagement by signing the LoE & ITs.

Client signs the LoE & ITs and pays the relevant fees due at this stage - these would be the Contribution Fee to the Funding Channel and the Fidavora Initial Fee.

• The Funding Channel will allocate a dedicated analyst to oversee the case (with a director overview). The analyst will send an introductory email to the Client and provide them with a G-Drive link to populate the data room that is needed for the full due diligence process.

• Fidavora will arrange an introductory call with all parties involved (including the Funding Channel’s analyst). 

• The Client then populates the data room with the required information in order to complete the full due diligence.

• The Funding Channel’s analyst would review the information and revert to the Client and Fidavora with any points of clarification or request any further information until all known information has been collected and verified within the Client’s dedicated G-Drive data room.

• The Funding Channel and its analyst then prepare an Investment Memorandum (IM) which showcases the salient points about the Funding Request (which the G-Drive data room would verify). A draft of this is sent to the Client to sign off. Any required changes are made prior to sending to the Lenders/Investors. This stage should be reached in approximately 6-10 weeks from the signing of the LoE & ITs, but can vary depending on the speed of the Client’s responses to information requested, the complexity of the Funding Request and the quality of the data room filled in by the Client are the biggest factors in how quickly this stage is completed.

1. The IM and link to the G-Drive data room is sent to the respective Lenders/Investors that have been established (as per the LoE & ITs) as wanting to fulfil the Funding Request for review of Funding Request in detail. The Lenders/Investors normally take 2 weeks to review and then revert with their questions, initially to the Funding Channel. The Funding Channel will correspond to initial questions and ask Fidavora/the Client for any required information.

2. Assuming all the Lenders/Investors questions have been answered satisfactorily, the Funding Channel would organise a call between them, the Client and a specific Lender/Investor to facilitate progress towards Binding Written Offer Terms.

1. Once all details are finalised, the Binding Written Offer Terms would be produced by the Lender/Investor for the Client’s consideration.

2. Assuming all in order, the Client would then sign these and enter final legals and satisfy any last due diligence required by the Lender/Investor.

3. The final legals around debenture/security against the borrowing entity (Client) would be completed and a date would be set for the release of the funds as per the drawdown schedule which is outlined in the Binding Written Offer Terms.

4. Funds are disbursed in accordance with the agreed terms within the Binding Written Offer Terms.

5. Invoices are then raised by both Fidavora and the Funding Channel for their respective Completion Fees at this stage, with receipts for each of these being provided to the Client by Fidavora and the Funding Channel upon receipt of the monies for the Completion Fees.