We provide Proof of Funds for our clients who need to finish their business acquisition, commercial or residential real estate transaction. This is not a loan. We simply arrange a sub-account in your name or your company's name at our bank. We then deposit the required amount of funds into that sub-account. We remain the sole signatories on the account. We will open the new account, and the money will never move from the account. It is blocked, but free and clear. The account will be in your name for 30 days. After 30 days, the account will be in a frozen status for 90 days.
We must be satisfied with your capacity to pay the fee for providing Proof of Funds (known as the Arrangement Fee). Note that because of the considerable costs involved in providing Proof of Funds we cannot initiate the procedure without an upfront fee.
Payment of the Arrangement Fee after Proof of Funds is provided is not acceptable. Payment of the Arrangement Fee in the form of a "success fee" is not acceptable.
You are required to provide the required information (see below) to open the sub account:
Fax this set of documents to our office at (925) 215-4577 with a cover sheet detailing your request.
Upon cleared funds being received into the Escrow Agent's Trust Account, and upon receipt of the necessary documentation and the upfront fee:
The Proof of Funds is valid for the period stated and, conditionally, may be extended. It is a condition in the Escrow Agreement that, in the unlikely event do not provide the Proof of Funds, the Arrangement Fee will be returned in full from the Escrow Agent's Trust Account to you.
| Amount | Fee |
| $250,000 to $999,000 | 4 pts |
| $1 Million to $5 Million | 3 pts |
| Above $5 Million | 2 pts |
Upfront 50% of fee, balance of fee due upon closing with demand in escrow. Depending on the type of verification of the account, no more than 5 days for set up.
In addition, you will need to have 50% of the POF amount.
Whatever your funding needs, from a simple letter of credit to more complex financing solutions, Pronto Commercial Funding, Inc. is your ideal partner. Call us today.
This Website 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 intermidiaries who provide advice to private individuals on or about business matters.
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