We provide Proof of Funds for our clients who need to finish their business acquisition or other transaction and would like to indicate greater financial strength.
This is not a loan, however, it is not just a piece of paper. Our proof of funds are real accounts with actual cash-backed deposits. Sometimes Proof of Funds is called 'leased funds' or a 'cash collateral' account. We simply arrange an account in your name or your company's name at our bank. We then deposit the required amount of funds into that account. We remain the sole signatories on the account. We will open the new account, and the money will never move from the account. The account will be in your name for 30 days. Extensions are available. We also offer special pricing for those needing Proof of Fund accounts for length of one or more year.
These are true cash collateral accounts.
What could be simpler?
The Proof of Funds is valid for the 30-day period stated and may be extended.
For most balance sheet enhancement needs, a simple Proof of Funds is the perfect solution.
Set-up time to after a fully executed package is received and funds are in escrow is 3-5 days. Our funds providing investors work with top 25 banks, primarily in the US. The accounts and banks are recognized worldwide and pass through any and all compliance and due diligence tests.
Don't need all the bells and whistles? Just need a simple VOD and phone/fax confirmation? Either way we have solutions for you.
Now we also offer POF accounts with SWIFT MT-760 blocking! Perfect for people wanting to go into private placement programs. By the way, we currently have one program that accepts leased funds of $50M+ into their PPP trade.
This is a "funds first" transaction. Because of the considerable costs involved in providing Proof of Funds we cannot initiate the process of creating an account for you without seeing the fee upfront in escrow. We will not accept a delay of payment until your other transaction closes.
The fee is paid into a third-party escrow account so you are protected. You remain in control of the funds until you verify the account and balance exists.
We use a third-party escrow company based in the USA as the escrow agent. Fees need to be deposited into an escrow account prior to bank account creation. Once you receive the bank account letter, you then authorize the release of the fees held in escrow. This ensures that all parties perform as agreed.
Brokers are also welcome. You can either sign up on the Make A Request page or sign up here
Your account and verification needs may be more complex. The bank-to-bank POF accounts include ability to do a MT760, MT799, or MT999. Email us for a quote for Proof of Funds requiring SWIFT Verification Of Funds.
Learn more about SWIFT Authentication.
Whatever your funding needs, from a simple letter of credit to more complex financing solutions, Pronto Commercial Funding, Inc. can help you. Call us today.
This Web site is not intended as a solicitation to customers in any jurisdiction in which we
are not authorized to operate. We are not Certified Financial Advisors, Securities Brokers or Stock Brokers. We are business consultants and intermediaries who provide advice to private individuals on or about business matters.