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.
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?