New Client Resource Center

Welcome to the In3 Capital Group new client support page. Here we provide options for engaging with us as well as the latest information on In3 funding programs, service availability, tools and other resources.

Explore Your Options

If you are raising capital for a mid-market projects in one of these sectors, seeking In3’s in-house capital, we have multiple options available, each described below.

If you do not qualify for our in-house flagship CAP funding (from a US-based Single Family Office), by now proven to reduce the cost, time, risk and uncertainty of project/business development, then we can discuss alternative pathways (such as several US-based lenders), following a closer review of your project’s standing via In3 advisory services, usually delivered under a Management Services Agreement (MSA), described here.

If you’re not yet sure if you have a feasible business, ask us and we’ll sort that out. For CAP funding, this usually boils down to adequate unlevered IRR alongside reasonably low or no commercial risk, such as via secured customer or “offtake” agreement(s). These are the only two major requirements.

But for other sources of project funding, including our 100% loan-to-cost options, there is a lot more to consider, as all other risks, including execution, credit, governance, country, political, technology, and even construction risk, can be seen as obstacles.

We apply a good dose of pragmatism, and “Lean Startup” strategies (simple feedback loops instead of guesswork) to save everyone time/effort.

The preferred route to funding — with clear advantages of speed, usually better terms (including zero up-front fees) and radically improved funding certainty — is In3’s flagship “guaranteed” capital.

This Completion Assurance Program™ (CAP funding), involving a demand guarantee, is for projects, portfolios or pipelines of projects (how project funding differs from venture capital) with budgets of $25 million or more, $35-40 million preferred. In effect, we guarantee all the required funding at favorable terms when you or a third party guarantee that the project will get finished.

CAP funding’s sharp differences become your advantage working with projects at any stage of readiness, improving your odds of closing on a flexible finance facility offering up to 100% of the required funding. This we will call Plan A:

• Plan A: Obtain a suitable financial guarantee (“how to” tips) used as completion assurance to qualify for direct investment via our expedited program offering these indicative terms*. CAP funding is a proprietary innovation of In3’s in partnership with a US-based private family office. It greatly improving the odds and certainty of reaching closing via a predictable and proven process (other notorious project finance problems this solves). Project file can reflect any reasonable stage of readiness, but must be relatively complete — with transparent assumptions — and uphold US or international accounting rules.
  
  Need help meeting these standards or securing a guarantee? You can hire In3 to help prepare your file and/or, as a premium “Done For You” (DFY) service, present your project to prospective guarantors within our circle. Note that we only take on projects that align with our investment strategy. More about guarantees | FAQs | In3 Service Options
  
• Plan B: For highly profitable projects of $25 million or more ($50m+ preferred), bypass the need for a completion assurance guarantee but be prepared to pay for a deposit and higher rates of interest for up to 100% debt (higher net profitability is needed to adequately cover 6.5%-8% APR senior debt, versus ~5% APR, based on SONIA + 2.5% spread with Plan A’s CAP funding). But, unlike CAP, this funding does not require a guarantee for qualifying projects. The standards of readiness and risk mitigation are much more stringent, timeframes longer, and there are security deposit costs involved. The more important factor as that these lender follow more traditional underwriting guidelines, making this funding is only appropriate for projects that are quite thoroughly documented and prepared with nominal risks and strong financial fundamentals. Minimum IRRs vary by industry. See all five programs compared and summarized here.
  
  Conclusion: When possible, stick with Plan A and the certainty of our proven process. Confused by CAP funding? Ask questions. Involve an In3 Affiliate. Stay open to learning. Perhaps this blog article will help.
  
• Plan C: Obtain more personalized support and assistance for your unique situation via an In3 Management Services Agreement (MSA). Tailored to your needs, we collaborate to define the Scope of Work (SOW) and align incentives such that we only succeed when you achieve your goals, so if you have a feasible business proposal and are open to partnering toward mutual benefit, we will always listen. More But if your project is “almost bankable”, consider our free readiness assessment and (if your score is 85% or higher), Program 6’s non-dilutive bank deposit option.

Plan C’s MSA approach applies whether or not your project is shovel-ready or requires additional development work, if no party can yet bring at least a partial completion guarantee for In3’s in-house funding, or if the project’s file is not sufficiently polished for direct submission.

The first target for Plan B or C is to deliver an investible package, with streamlined tools like RAIN (9 multiple-choice questions) to accelerate vetting and making the necessary disclosures. These days, competition for affordable capital is intense, and investors have become increasingly sophisticated and diverse, and will simply not tolerate anything half-baked or fluffy. Presentation matters, and RAIN helps you benchmark your current status in relation to the ideal, highlighting gaps you may need to fill before approaching traditional project investors (Plan B or C), to make sure you put your best foot forward.

Collaborate with In3 to take advantage of our 25 years of successful client engagements, or hire us or an Affiliate to determine this SOW, which would either help determine the optimal path to funding or validate the strategy already selected. Developing the most advantageous funding options, we then bring in the right resources or partners to see it through.

By contrast, In3’s CAP remains a game-changing and refreshing “next generation” innovation that solves most of the problems with “old school” project finance, without initial costs. More

We can estimate fees based on a clear outline of the required work; most but not all of which would be deferred (paid out of proceeds). Plan B also has a due diligence cost paid directly to the investor.

Main focus areas for In3 Development Services, Winter/Spring 2023

Note that we only take on development service assistance with clients working in our areas of expertise (these sectors); more on these services at strategic/industry focus. Present focus areas:

Waste-to-value (especially tires, biomass and MSW) | Solutions to climate change | Restoration of soils/water cycles | Renewable energy, food, water, regenerative real estate and others.

Why stick with Plan A? It delivers sharp advantages over ordinary project finance. For example, In3’s Completion Assurance Program (CAP) accelerates funding delivery cycles, improves terms and certainty.  How? You can trust this proven process to deliver a binding offer within 2-4 weeks, once pre-qualified, owing to streamlined due diligence (we focus mostly on fundamentals, not on putting every conceivable risk factor under a microscope), with a host of advantages compared to traditional project finance.  Synopsis of the program (cover letter).

Learning (or unlearning) must come before deciding

How to obtain a sponsor/backer to bring in your completion assurance guarantee (if needed) 

Note that performance/completion guarantees are financial instruments used for completion assurance only, which is different than a completion bond or other forms of insurance

CAP also offers flexibility at better terms than you will likely find elsewhere. This funding is not suitable for every situation (mostly it is for new project construction or retrofits/refurbishments, not M&A), but we offer this US family office funding at almost any stage of development — complete shovel-readiness is not required. Under terms mentioned above, we do not expect a majority or controlling equity carried interest. The equity partners negotiate in good faith to determine how to best work together.

Here’s a “roadmap” to help you decide if In3 CAP is right for your situation: in3capital.net/bank-guarantees-in3-capitals-roadmap-to-success

Want to know more? Check out our “tear sheet” briefing in any of the following formats:

• Download and flip through our Developer Briefing (flat PDF, best viewed in Acrobat).
• View Animated presentation online (recommended)
• Register to access video of full-length, live, recorded webinar entitled Guaranteed Capital Raises for Impact Projects Worldwide — with informal Q&A following the presentation, starting at 40 minutes in. (Several project developers that later became clients of ours report that this Q&A was helpful.)

Ready to GET STARTED?  Jump to the Nine Steps to Fundraising Success using CAP — secure advantageous capital for qualifying mid-market projects with this step-by-step guide.

Not able to obtain a guarantee, but your project has a reasonable shot at securing funding? Use our fast and easy RAIN assessment then prepare your profile to pre-qualify for alternative funding.  Compare with CAP

YOUR FUNDING, FASTER: In3’s funding program radically increases the probability and speed of reaching a financial closing, with best-available terms. With a suitable completion guarantee, odds are greatly improved and closings accelerated. That is part of its purpose (more on CAP purpose and objectives here).

Have you noticed that few to zero others can commit to financial closing within 30 days or less? Most serious and reputable investors won’t even offer a due diligence timeframe commitment at all — if they were fully transparent, in seeking to set expectations, they’d ask “How’s never? Does never work for you?” ;-{ That’s closer to the truth, because projects often get stuck on unforeseen and/or insurmountable challenges as closing draws near.

By contrast, our capital partners will put a binding offer on the table within 2-4 weeks, for pre-qualified projects as mentioned, even for larger (above $200M), more complex projects. Initial information requirements here.

Secure funding reliably with CAP rather than spinning your wheels!

How? Download and fill in as much of our Pre-Qualification Worksheet as you can, or check out CAP’s Frequently Asked Questions. If you have initial questions not included in the above FAQ, here are more guarantee fundamental/definition questions (4-pg PDF).

Still not clear? Register your question(s) here, or to learn more about In3’s game-changing funding program, request our 10-20 minute live presentation here once you input your project’s basics into our system here.

Not seeking project financing at all? More at our Finance-ability Checklist

Have a qualifying project but don’t think you can arrange a guarantee? You’re not alone, and you may benefit from reading our response to the question we hear, “What if the developer does not have the balance sheet depth or seed money to obtain a qualifying completion assurance guarantee?” Click on our FAQ link below.

CAP Frequently Asked Questions

Successful developers worldwide have found ways to leverage key aspects of their project to obtain 100% financing, even at an early stage, including attracting a “sponsor” — a stakeholder that has a vested interest in the project’s success, such as a well-established EPC firm, General Contractor or OEM involved with the project. More

In fact, most of our portfolio companies assumed they couldn’t bring a completion assurance guarantee (either sovereign, avalized promissory note from a company, or bank guarantee/Standby Letter of Credit), but were pleasantly surprised to discover that there are many more “creative” options than they realized. Compare and help decide which type is best for you.

Venture Capital | Coaching or Advisory Services | All Services | Contact Us

* Preliminary terms: ~4-5% APR (based on SONIA + 2.5%), as few as 15 days to pre-qualification approval, 2-4 weeks to financial closing for $25 million or more in project capital, up to 100% of the budget, which can include any remaining pre-construction costs.
More: TERMS | REQUIREMENTS

For rapid funding without a completion assurance guarantee, project developers may wish to seek financing through our affiliates, via referral to one or more of our partners, or via your own network after using our advisory services.

If you do not choose to work with us at time, and have not already raised the necessary funding by Fall 2020, re-contact us or revisit this page to check for changes. We keep our status up-to-date here.

What about venture capital (how that is different from project finance)? Visit our Venture Finance overview or In3Group.net to learn about our capital formation Advisory Services.

• What is a “completion assurance” guarantee?
• How this program expedites capital formation
• De-risking & Credit Enhancement: Why use completion assurance guarantees? (Can’t you just “show me the money”?)

Contact us with any initial questions or to take next steps. For option (A), above, either a Bank Guarantee or Sovereign Guarantee will greatly help expedite funding, and enable project promoters, In3 affiliates or developers to obtain the most flexible, least-cost capital, most quickly and reliably.

Related: more about What We Do, REGISTER your project, or how to Get Started.