The traditional FundingNet program was one of the most exciting programs available for low risk funding of films - all you needed was to have 20% of the costs already raised and we would be able to provide the remaining balance of the budget.


But not all clients have the ability to raise that 20%. Since this is causing so many fantastic projects to remain unrealized, FundingNet and FilmCabbage now announce our most exiting funding program to date: The "Asset Backed Bank Credit Line Program".


This program makes it possible for you to receive 100% funding, with your project/budget fully underwritten by us, and offer absolutely no risk to you. In addition, funds become available much more quickly than through our traditional program, and there is no 60 day banking compliance process to wait through.


Did I mention that you don't have to bring a single dollar to the table yourself?


I know, I know, I know.... "If I don't need to bring any money, and you make it possible to receive the funds for the full budget, and you underwrite the whole thing, and I have no risk... there's no way it will work. It's just too good to be true."


Well it's not too good to be true. It's just true. All you will need to be able to provide is a banking relationship with a bank that will work with us to set up a credit line. Using this program FundingNet will work YOUR bank to set up a dedicated credit line to fund your project, by underwriting it in full with FundingNet assets. This will be set up to have more than enough available credit to fully fund your project, and always guarantee both you AND YOUR BANK a zero risk position.


All you need to make it work is a bank that will accept our underwriting of the credit line with our own assets. This will be done either through a bank-to-bank issued Letter of Credit (fully confirmed by both banks, backed in full by our assets), an Asset Pledge of gold bullion, or a SKR (safekeeping receipt) from a Brinks or G4S facility where we have gold vaulted, declaring your bank as the SKR beneficiary.


While that last paragraph sounds a bit challenging, any mid-level banking executive (or higher) will understand the process, especially regarding a SKR or a bank-to-bank Letter of Credit. They will be able to confirm the security of their preferred collateral via any level of due diligence they require. Since they decide and will receive any level of confirmation they need, they'll always be certain their principal is completely guaranteed at all times.


Need more information? See the "Asset Back Bank Credit Line Program" page on our site.

http://www.filmcabbage.com/asset-backed-bank-credit-line-progr


We believe this is the easiest, most risk-free program ever offered to the film industry. No cost... no risk... full funding...


What can you possibly be waiting for?

The FundingNet/FilmCabbage program very necessarily requires the involvement of several third party channel partners to be able to provide the loans we do.  Some of these channel partners include banks, central banks, accounting firms, law firms and asset security companies such as Brinks and G4S.


Due to the ongoing global pandemic, and the social distancing/isolation standards many countries and most corporations are utilizing to try to slow the spread of COVID-19, we are experiencing timing challenges in our program.  For instance, nothing is moving through our central bank compliance processes right now because the central banks are all fully engaged in developing financial relief packages for the governments of the world.  Others among our channel partners are simply operating at a very small fraction of their normal capacity, as anyone who is still working, is working from their homes with limited resources.


As a result, timing is very difficult to determine right now.  It is taking longer to process applications (as we involve accounting firms and our banking partners in that process), develop contracts (as most law firms are operating only remotely), develop SKRs (as Brinks/G4S/Ferrari Group are also working almost exclusively from home) and process deals through central banking compliance.


We are still operating and will continue to do so, we simply cannot keep to our normal timelines due to the changing business practices in the world.  Once our channel partners are all back to normal (or close to normal) capacity we will be able to return to business as usual.  Until then, as with most of the companies of the western world right now, we continue to work diligently toward our and our borrowers' common goals as best we can under the circumstances.


Stay safe everyone, and be well.

The recent Global Pandemic has created an enormous amount of volatility and uncertainty in the markets, as well as across the economies of the world. In response to this, governments are slashing interest rates in an effort to stimulate economies and to help offer financial support to those Companies in need. As a result, LIBOR has been in free fall for the last few weeks; keep in mind though that these low rates will only last until the Covid19 situation is under control, after which it will return to its normal levels.


FundingNet/FilmCabbage however, is a private business and we need to maintain profitability through this crisis or risk not being able to maintain our business model. As a result, as of March 19, 2020 we are freezing our loan interest rate at 3.5% per annum until further notice. When the crisis has passed we plan to return to our standard LIBOR-based interest rates.


Stay safe everyone!

All content herein is for informational purposes only, and any such information should not be construed as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer by FundingNet or FilmCabbage, or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.  All content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing on the site constitutes professional and/or financial advice, nor does any information on the site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. FundingNet and FilmCabbage is not a fiduciary by virtue of any person’s use of or access to the site or content. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content on the site before making any decisions based on such information or other content. In exchange for using the site, you agree not to hold FundingNet or FilmCabbage, its affiliates or any third party service provider liable for any possible claim for damages arising from any decision you make based on information or other content made available to you through the site.

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