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Welcome to The Gallant Group BLOC Page
The Business Line of Credit ProgramWHAT IS THE BUSINESS LINE OF CREDIT PROGRAM? Our business line of credit program started out in an effort to help us build investors for our internal FOREX trading programs. Although there is no guarantee of future performance, we have produced 20 - 30% MONTHLY returns on credit for the last 5 years through our hedge fund partners. Over the last year as attaining business credit through banks has become more and more difficult, our approach has changed. Instead of looking for the ideal credit profile, we now build it by using: NO PERSONAL GUARANTEE OR CREDIT CHECK FROM YOU. That means no credit requirements for anyone. Essentially, we
resurrect a hibernating corporation with establishing
business credit and unsecured credit cards. We
next hire a knowledgeable CFO and build credit lines for
the company using the CFO as the personal guarantor.
Once the desired level of funding has been reached, we
hand over the fully built corporation to the client.
The corporation comes with:
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No Personal Credit Requirements
THE TYPES OF CORPORATIONS AND FEES TO CLIENT □ $250,000 – SEASONED & COMPLIANT CORPORATION:
o
Personal Guarantor NOT Required. Use Our Credit Partner
Through Entire Funding Process □ $500,000 - SEASONED & COMPLIANT CORPORATION:
o
Personal Guarantor NOT Required. Use Our Credit Partner
Through Entire Funding Process □ 1,000,000 - SEASONED & COMPLIANT CORPORATION:
o
Personal Guarantor NOT Required. Use Our Credit Partner
Through Entire Funding Process □ 3,000,000 Corporate Credit Lines Program
o
Personal Guarantor NOT Required. Use Our Credit Partner
Through Entire Funding Process
THE GUARANTY Due to the volatile nature of the credit markets, we have a partial guarantee in place. Though our credit partners are confident that they can fund these lines in any type of credit markets, we are not so optimistic and want a built in guarantee rider into all the forms on the right hand side. The Guaranty Rider provides protection for both us and YOU. It has two parts: 1)
Refund of the initial deposit First it is important to understand that you CANNOT return the hibernating corporation. It is yours to keep and provided with what it comes with as outlined above, it is a very powerful tool for getting alternate forms of financing that are not related to credit. In other words, a corporation like the one we're providing has significant value by itself as it will greatly enhance your overall marketability to future financiers, lending institutions and banks. Thus, 50% of the deposit is relieved by you upon securing the corporation. You will get proof of the corporation, it's articles, the UNSECURED CREDIT CARDS, and will verify that everything is in good standing and sign off on the first portion of the deposit. Next, after 40% of the desired funding is provided (for $1M it will be $400K), you will waive the second half of the deposit. Why 40%? At this point, we feel we've proven the fact that we can fund these lines and have a legitimate product. Thus, to pay off our vendors, our credit partners in helping us secure the credit lines, we have to collect this fee. The guaranty is null and void and all deposits are retained by our company if the client at any point uses ANY of the credit cards, or puts derogatory liens on the corporation indirectly or directly. Hence it is EXTREMELY crucial to the process that the client stand perfectly still and not do a thing until all of the credit lines have funded. In our estimates this takes between 60 - 90 days. THE PROCESS FOR GETTING STARTED If you are coming to us by way of a referral partner (A Gallant Member) please contact them and they will guide you through the process. Alternatively, IF YOU ARE COMING TO US DIRECTLY, there is a mandatory 3 step process for ALL clients to follow if you'd like to submit an application:
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Download $250K, $500K, and $1M Corporate Paperwork Download $3M Corporate Credit Lines Paperwork
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