Proof of Funds

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.

• Often called 'leased funds' or a 'cash collateral' account.
• We arrange an account in your name or your company's name at our bank.
• We will open the new account with the required amount is deposited.
• We remain the sole signatories on the account.
• The account will be in your name for 30 days. Extensions are available.
• Please remember the money will never move from the account.
• We also offer special pricing for those needing Proof of Fund accounts for length of less than one month.

Painless and Easy

These are true cash collateral accounts. The Proof of Funds is valid for the 30-day period stated and may be extended.

• NO background check

• NO credit report

• NO credit scores

• NO Business plan

• NO Executive summary

• NO LTV ratio

• NO real estate appraisal

The Perfect Solution

For most balance sheet enhancement needs, a simple Proof of Funds is the perfect solution.

Our Minimum Proof of Funds amount is $1 Million.

Set-up time after a fully executed package is received (and funds are wired to escrow) is 3-5 days. Our funds providing investors work with top 50 banks. 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.

The Upfront Fee Requirement

This is a "funds first" transaction. Clients must show their funds first, then we create the account for them. 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 have receive the bank account letter, you then authorize the release of the fees held in escrow. This ensures that all parties perform as agreed.

POF Process Steps

• Step 6 MT-799 or MT-760 is sent
• Step 5 In 48 hours POF account is ready
• Step 4 Wire fee into escrow account per contract
• Step 3 Sign and return the contract
• Step 2 Upload or email the requested documents
• Step 1 Complete and send in a Client Information Sheet.

Swift (bank-to-bank) Proof of Funds

Now we also offer POF accounts with SWIFT MT-760 blocking! Perfect for people wanting to go into private placement programs.

Your account and verification needs may be more complex. The bank-to-bank POF accounts include ability to do a MT-760, MT-799, or MT-999. Email us for a quote for Proof of Funds requiring SWIFT Verification Of Funds.

Whatever your funding needs, from a simple letter of credit to more complex financing solutions, Pronto Commercial Funding can help you. Call us today.