Guide to Bowers Associates Ltd (BAL) Loans and Project Funding

Why Bowers Law Firm & Associates?

At Bowers Law Firm, we strive to present the most efficient financial services law to clients in need of loans and project funding by using funds under our trust management from high-net-worth individuals and corporations around the globe to provide funding to eligible individuals and businesses and also to support project owners in raising the needed capital to kick-start their greenfield projects or to expand their brownfield projects.

No matter the level of your business or project, Bowers Law Firm has you covered, and we’re willing to work with you to achieve that project or business aim.

BAL is one of the largest partnership financial law firms that mobilises significant foreign direct investment (FDI) across the globe.

At a glance

Number of funded projects

1,840

Net business volume

$5.2 billion

Total loans and project value

$18 billion

2001-2006 Yrs

2007-2011 Yrs

2012-2025 Yrs

STATISTIC CHART

Innovative financing solutions

For each project it finances, BAL assigns a Dedicated team of specialists with specific sectoral, regional, legal and environmental skills.

Strong appetite for risk

BAL draws on its trust management funds, special creditor status, and sizable portfolio to assess and bear risk and to open up options for financing.

Adding value

BAL complements – rather than displaces – private sources of finance. BAL invests only where it can provide added value, by investing in projects that could not otherwise attract financing on similar terms.

Types of loans offered by BAL

► Personal Loans (for Debt settlement). This loan is only available for working-class individuals.

Requirements for Personal Loan Application

Applicant must fill out and submit the BAL funding application form.
Applicant must submit a self-identification document (acceptable government-issued passport or driving license copy.
At least 6 months' proof of income (pay slip or bank statement).
Proof of residence not more than 3 months old (acceptable electricity bill or phone bill).

Personal loan financing procedure

The applicant must first study this BAL guide with full understanding.
The applicant fills the application form with accurate information and submits it to BAL with his/her identification document (passport copy or driving license) and proof of income (acceptable proof of income: a payslip or 6 months' bank statement.
BAL conducts its due diligence on the applicant. If the due diligence is positive, BAL will issue the personal loan agreement to the applicant to sign and return it to BAL.
BAL's principal reviews the agreement and countersigns it, and has it notarised by a Notary Public in England to become a fully legally binding contract.
BAL will return the notarised agreement to the applicant with supporting documents and details of its financial institution.
According to normal banking procedures, the client will engage with the BAL financial institution to release the approved loan.

Note: The whole procedure takes a maximum of 12 banking days, and the client will receive the approved loan amount in their designated bank account.

The amount allowed for a personal loan, interest, and repayment term.

Minimum amount: US$25,000.00
Maximum amount: US$250,000.00
Interest rate: 7% fixed per annum
Grace Period: 12 months
Repayment term: 5 to 10 years, depending on the borrowed amount
Repayment Plan: Monthly or Annually.

► Business Loans (for startup capital or business expansion) This loan is only available to individuals or group seeking to startup a personal or joint business or expand existing business.

Requirements for Business Loan Application

The applicant must submit a well-prepared business plan with a financial forecast.
If a loan is needed for a startup, the applicant must submit proof of available capital or equity contribution. If a loan is needed as a capital injection for expanding an existing business, the applicant must submit 12 months’ bank statements showing the business is in good standing.
The applicant must submit the completed BAL business loan online application form.
The applicant must submit a self-identification document (an acceptable government-issued passport or driving licence copy.
Proof of residence not more than 3 months old (acceptable electricity bill or phone bill).
Proof of business address not more than 3 months old (acceptable lease agreement or paid invoice).
Applicant must submit his/her business or company registration certificate.

The amount allowed for Business loans, interest, and repayment terms.

Minimum amount: 150,000.00 USD
Maximum amount: 5,000,000.00 USD
Interest rate: 3-5% fixed per annum
Grace Period: 12-36 months.
Repayment term: 5 to 20 years, depending on the borrowed amount.
Repayment Plan: Monthly or Annually.

Business loan financing procedure

The applicant understands this BAL financing guide and completes and submits the BAL funding application form.
BAL's business loan analyst conducts an initial analysis of the business plan. If everything is well planned and sustainable in the future, BAL will issue the Business loan application form.
The applicant fills out the online application form with accurate information and submits it to BAL with their business registration document and identification document (Passport Copy), full summary of their business plan and financial forecast.
BAL conducts a due diligence review of the application form and the submitted documents. If the documents are in order, BAL will issue the term sheet for the funding
The applicant signs the term sheet and returns it to BAL.
BAL issues the final agreement to the applicant.
The applicant reviews the agreement, signs it and returns it to BAL to countersign and be notarised by a Notary Public in England to become a fully legally binding contract.
BAL will return the notarised agreement to the applicant with supporting documents and details of its financial institution.
The applicant will engage with BAL's financial institution to release the approved loan according to normal banking procedures.

Note: The whole procedure takes a maximum of 14 banking days, and the client will receive the approved loan amount in their designated bank account.

Equity Investment for shares

Since BAL is a regulated law firm, and we use client funds covered by a Durable Financial Power of Attorney to conduct our loans and project funding activities, we’re not allowed to participate in any form of equity funding for shares. By law, it is not allowed to use third-party funds for such investment due to the risk involved. However, we may participate in equity investment with up to a 30% contribution for businesses or projects with low risk. The business/project owner must have at least 10% proof of financial capability before we can venture into such equity investment.

Security

We rely on our financial institution for security over the loans and project funding we provide. Our financial institution protects our interests through proper compliance and interbank arrangements with the client’s bank during the settlement of the approved funds to the client's bank account, in line with the Multilateral Investment Guarantee Agency (MIGA) programme for projects and businesses located in MIGA coverage countries.

Legalisation Process

The process of legalising and notarising the loan or project funding contract with borrowers starts immediately after the borrower signs the final contract and returns it to BAL. The signing of the final agreement requires the borrower to make a signing video with his/her passport copy with an affirmation message “confirming that he/she has read the contract and accepts the full terms and hereby authorises BAL to carry out the Legalisation and Notarisation of the contract before a Notary Public in England. The fully notarised contract will be returned to the client upon completion by the Notary Public.

BAL Funding Roadmap

The roadmap to our loan granting and project funding is flexible and hassle-free, with less paperwork. With our innovative funding, we have been able to assist over 500 individuals in need of personal loans for either debt settlement or business startup. We have also assisted over 200 businesses to get back on track after financial setbacks and have funded over 100 multimillion-dollar projects around the globe since 2001.

Project sectors supported by BAL

Energy efficiency
Agribusiness
Manufacturing
Urban
Municipal and environmental infrastructure
Natural resources
Power and Energy
Property and tourism
Small and medium-sized enterprises
Telecommunications, information technology and media
Transport
Aviation

BAL does not finance

Defense-related activities
Tobacco industry
Selected alcoholic products
Substances banned by international law
Stand-alone gambling facilities

BAL project funding criteria

To be eligible for BAL funding, the project must:

► Be located in an MIGA country of operations.
► Have strong commercial prospects.
► Involve significant equity contributions or saved-up capital in cash or in-kind from the project sponsor.
► Benefit the local economy and help develop the private sector.
► Satisfy banking and environmental standards.

Requirements for Project Funding Application

The Applicant must submit the BAL funding online application form.
The Applicant must submit a full executive summary of the project with at least 5 years of financial projections and any additional documents.
The Applicant must submit proof of Identification (an acceptable form is an international passport copy).
Copy of business registration certificate.
Proof of residence not more than 3 months old (acceptable electricity bill or phone bill).
Proof of project location address (acceptable purchase or lease agreement).
Applicant must provide project approval documents from any government or municipal agency where applicable.
A board resolution letter confirming their willingness to seek funding, where applicable.

The amount allowed for project funding, interest, and the repayment term.

Minimum amount: US$1,000,000.00
Maximum amount: US$250,000,000.00
Interest rate: 1-3% fixed per annum
Grace Period: 12-60 months.
Repayment term: 5 to 30 years, depending on the project amount.
Repayment Plan: Annually.

Project Loan Funding Procedure

The applicant understands the BAL financing guide and then fills out the online funding application form.
BAL project analyst studies the project for risk management and its future sustainability. If the project possesses minimal risk and good future sustainability, BAL will issue the term sheet to the applicant/project owner.
The applicant accepts the terms of the term sheet, signs it and returns it to BAL.
BAL issues the final agreement to the applicant for signing, and the applicant returns it to BAL.
BAL countersigns the final loan agreement with Notarization by a Notary Public in England to become a fully legally binding contract.
BAL will return the notarised agreement to the applicant with supporting documents and details of its financial institution.
According to normal banking procedures, the applicant will engage with the BAL financial institution to begin the drawdown process of the approved project funding amount.

Note: The whole procedure takes a maximum of 21 banking days, and the applicant will receive the approved amount in their designated bank account.

Securities and fees

All BAL-issued loans and projects financed are guaranteed by our financial institution in line with projects and businesses located in MIGA coverage countries; the type of guarantee required is decided by our financial institution.

BAL does not charge applicants for legal, administrative or due diligence fees. However, applicants are required to bear their costs where applicable once the loan is approved and funds are made available to the client.

Guarantees

As a financial law firm that uses clients’ funds in trust deposits for loan and funding activities, our financial institutions ensure proper guarantee coverage against the risk of default by borrowers; hence, an insurance policy or cover is required by our financial institution to protect the funding. All agreements signed for project funding are registered with our financial institution; this ensures our activities are guaranteed and secured with low risk using Insurance guarantees that are fully managed by an insurance agent through our financial institution.

Data Collection and Processing

Client privacy and security is important and our firm is fully compliance with the latest General Data Protection Regulation and we do not store client’s information and data on any platform. Client’s information and documents are stored securely for due diligence purposes only for some time and must be deleted as soon as the process is complete

Confidentiality

As a law firm, confidentiality is our top priority. We ensure that all documents and materials relating to any transaction we deal with remain between BAL and the borrower without any third-party involvement except for dispute resolution or court orders.

START YOUR FUNDING APPLICATION

FREQUENTLY ASKED QUESTIONS

What happens if I don’t get the loan or project funds approved?

All approved loans and project funds are made available as soon as our financial institution approves the payment, following normal banking procedures and the client’s compliance with the banking regulations.

Do you charge any penalty fees if the client decides not to go forward with the loan after its approval?

Yes, there’s a 10% penalty fee of the approved amount that the client must pay if our financial institution approves the loan and the client decides not to proceed with the loan. Our financial institution will impose the penalty on the client for default under the contract.

What are the costs/charges required by BAL before the loan can be administered?

BAL does not charge clients for any form of legal or administrative cost, since our funding is fully insured for any cost used in setting up and administering the loan or project funding arrangement; however, all bank charges, if any, are the responsibility of the borrower.

What happens if, after receiving the loan, the client refuses to pay back according to the agreed terms?

BAL usually gives borrowers a maximum of 21 banking days to remedy any situation which arises that prevents the borrower from complying with the repayment. If the borrower fails to comply after 21 days, then BAL will lodge a dispute in the borrower’s country through the consulate or high commission in the United Kingdom. A copy of the dispute will be submitted to our financial institution, which then contacts the borrower’s bank to arrange a safe dispute resolution channel to recover the borrowed funds.

How do I contact BAL if I need urgent assistance or have further questions?