Completion Assurance Program™ (CAP) Funding

Description

In3 Completion Assurance Program™ (CAP) Funding

Does your project satisfy all four CAP funding cornerstones?

Any reasonably well-defined, mid-market project can fit with our partner’s conditions for accelerated financing. (Related article on why guarantees make a difference and bring advantages.) We define “fit” as any project, or portfolio(s) of projects, that satisfies our 4 S’s:

1. SIZE:  $25 million or more per project; if less than $25m, consider building a “pipeline” or portfolio of multiple, related projects under one finance facility.  $50m+ is even better.  Upper limit is in the US$ billions.
   NOTE:  We reserve the right to raise this minimum threshold at any point in the future.  Deals in motion will remain qualified.
2. SECTOR or SPACE:  We prefer projects that deliver positive impacts, but note that we can support almost any project that (at minimum) does no social or environmental harm – more than 30 industries are in our sweet spot, where we can often add value beyond just funding.
3. STAGE:  Any – does not need to be “shovel-ready” … fine if additional pre-construction development work is needed.  We pride ourselves on being able to finance projects at an early stage, where the developer cannot or has not satisfied all the key items surfaced during due diligence. Anything past the idea stage will work.
   Just starting out?  We may be able to assist with further development work, if needed; ask for details.
4. SURETY:  Investment capital can be secured almost anywhere as a combination of debt and equity using a financial guarantee for completion assurance.  Most financial guarantees are issued by a Bank, Company (as a bank-endorsed Promissory Note), or Sovereign Government and are used to screen out fraud and ensure the project or portfolio reaches commercial operation. Tips

Do all four cornerstones fit?

If so, you may proceed to pre-qualify for our funding via our streamlined set of basic facts, aimed at gaining a binding offer in the least possible time.  Provide your set of “Six Essentials” and, when accepted, we usually offer funding via a Loan Agreement and Share Purchase Agreement within just a few weeks of applying.  Proceed to our Proposal Builder where you will find all the tools and templates you will need to put together a winning proposal.

If not (the last Cornerstone, Surety is out of reach), please consider our enhanced service options, described here and/or In3’s alternative funding options.

New clients often have questions about Surety, as such guarantees are often misunderstood. They are quite different from trade finance-related guarantees, for example, as they’re mainly used to offset project non-completion and eliminate fraud.  They’re also unlike loan guarantees in that they are released (expire and are no longer used) once the project reaches Commercial Operation Date (COD).

Worth noting, financial guarantees can often be provided through counterparties, such as an involved OEM (major equipment supplier/integrator, with enhanced compensation), or a well-established EPC firm or General Contractor hired to build the project’s assets.  Tips on how to obtain a Completion Assurance Guarantee, how we define a guarantee “sponsor” (backer), or how to gain an Financial Guarantee sponsor.

For developers who wish to bring in such sponsorship, ask us for a set of slides you can add to your project’s pitch deck, including sample contractual language defining the sponsor’s role and benefits.  This helps assist with proposing and explaining a capital/completion guarantee to firms you are interviewing for handling key functions like project engineering, hardware procurement, and/or construction.

If your project hits these four cornerstones, it probably qualifies for favorable and generous terms with streamlined due diligence and much faster and more reliable closings (typically 30 days or less).

Radically Improve Funding Certainty

With this speed and greater risk tolerance comes increased certainty.  Why bother chasing other funding sources when anything can happen to throw the deal off the rails?  Doesn’t it make sense to first explore this CAP option to its logical conclusion?

With dozens of testimonials from private developers, In3 Capital Partners CAP funding is often the most reliable, affordable and expedient source of mid-market project financing, with far faster-than-average due diligence.  Our funding is available to diverse, qualifying projects worldwide (few exceptions) when either a partial Bank Guarantee (BG)/Standby LC, Avalized Promissory Note (AvPN) or Sovereign Guarantee (SG) can be obtained.

Not sure how to get that done?  Start with this Success Tip, then Deciding which type of Financial Guarantee to use, then download templates via our Proposal Builder or see this complete Stepwise Guide.
Complete Instructions (download PDF)

Be in touch with any preliminary questions.

Visit our New Client orientation or, if seeking advisory services instead, see related products below.

In general, In3 does not currently offer sponsorships for client project funding through CAP.  When such sponsorship is needed, the project developer and/or promoter can use In3’s tools and templates to confidently present their project to potential sponsors, or In3 registered Affiliates may be able to help, either way, these premium services would be arranged under a management services agreement (MSA).  More 

We are working diligently to add third party “impact guarantor” sponsors for targeted sectors and geographic locations — such as waste-to-value, solar and real estate projects in the US — but for now, please register once you are prepared and let us know you are seeking sponsorship.

In a hurry?  Developers are encouraged to seek suitable CAP funding sponsors on their own; In3 Capital or our Affiliates can assist on a case-by-case basis to help accelerate (feature your project’s sponsorship opportunity) via a retainer or fixed-fee contract to serve in this role.  Be sure to mention this in approaching In3 as we will otherwise give priority to projects that already have already facilitated a qualifying guarantee.   

If you wish to pursue, but have questions, please review our Success Tips and FAQs articles, then (if not addressed there) Contact Us | Check out All Services  |  All Resource Articles