All proceeds are paid in entirety at time of settlement in the form of a wire transfer. WRA specializes in mergers and acquisitions and corporate finance for privately held businesses. WRA does not provide investment advice to individual retail customers. Through our extensive network of capital providers, we are able to bring people and capital … Read More. White Rock Venture Fund, L. The program is a structure that allows new and established companies to create external capital with terms that may be more favorable than the equity and debt markets.
CFP is particularly attractive in a market that is not providing sufficient liquidity to corporate borrowers. Key Advantages It can be used as a substitute for equity without incurring dilution.
As a debt substitute, CFP is non-recourse to the Borrower. Unlike debt instruments or direct loans, there are no restrictive covenants. The program can finance a stream of contract payments extending to 20 years.
Minimum term: 3 years Terms are flexible including the deferral of payments for up to 10 years. Nominal retainer, investment banking success fee, filing fees and coupon only for Investor. The program encourages recipients to focus on economically distressed areas, support community empowerment, and adopt strong labor practices. Eligible states, territories, freely associated states, and Tribal governments will be able to apply for their allocation of the Capital Projects Fund through the Treasury Submission Portal.
All eligible applicants must carefully read the Capital Projects Fund Guidance regarding the process for requesting funding. After an application has been submitted, reviewed, and approved by Treasury, states, territories, and freely associated states will submit a Grant Plan and at least one Program Plan via the Treasury Submission Portal. Grant Plans will be used by Treasury to assess proposed uses of funds for alignment with Capital Projects Fund objectives and requirements.
Grant Plans and all Program Plans must be submitted no later than September 24, Tribal governments should not submit a separate Grant Plan or Program Plan. To assist states, territories, and freely associated states in preparing to submit the Grant Plan and any Program Plans, Treasury has provided a Sample Grant Plan showing the information that is required on the Treasury Submission Portal.
Grant Plans will not be accepted via email. States, territories, and freely associated states must also submit at least one Program Plan indicating the proposed use of funds. Program Plans must be uploaded and submitted via the Treasury Submission Portal. Program Plans will not be accepted via email. These allocations include:. For a capital project to be an eligible use of Capital Projects Fund grant funds, it must meet all of the following criteria:.
The following capital projects are identified in the Capital Projects Fund Guidance as being eligible uses of Capital Projects Fund grant funding:. Case-by-Case Review : In addition to the eligible Capital Projects identified above, recipients may propose a different use of funds.
Such uses must meet the statutory criteria, and recipients will be required to demonstrate that any such projects satisfy the eligibility criteria identified in the Capital Projects Fund Guidance. Capital Projects Fund grant funding can also be used for the ancillary costs related to eligible capital projects that are necessary to put the asset to full use.
For example, if an applicant plans for Digital Connectivity Technology Projects, Capital Projects Fund awards can be used to provide digital literacy training to community members so that they gain the knowledge and skills necessary to make full use of the devices in order to conduct activities related to education, work, and health monitoring.
Capital Projects Fund recipients are required to meet certain compliance and reporting requirements. Recipient reporting requirements vary by eligible use and project type. Treasury plans to host webinars to provide additional information about the Capital Projects Fund for eligible applicants.
Materials from the webinars will be posted to this website after the sessions. Treasury has developed a Capital Projects Fund Environmental Checklist that Recipients may use to assist in planning for and carrying out projects funded by the Capital Projects Fund. Please review the checklist for more information. Recipients are not required to submit this checklist to Treasury. Treasury has published Frequently Asked Questions that Recipients may reference as they move through the Capital Projects Fund grant process.
Treasury will update the FAQ document periodically and will publish the most recent version to this website. Additional questions can be submitted to CapitalProjectsFund treasury. Receive Updates. Statement on Purpose and Process May 10, The U. Department of the Treasury would like to recognize its partnership with the U.
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Established by the Consolidated Appropriations Act, , the Emergency Capital Investment Program ECIP was created to encourage low- and moderate-income community financial institutions to augment their efforts to support small businesses and consumers in their communities. Read the Public Notice. This guidance contains information critical to a successful application and should be reviewed carefully. Organizations should contact Treasury at ecip treasury.
Applicants are strongly encouraged to submit applications at least one business day prior to the deadline August 31, to allow time to resolve any submission issues that arise. Treasury is currently accepting applications to the ECIP using its application portal below. The application portal is the only way for eligible low- and moderate-income community financial institutions to apply.
Read detailed instructions on how to register with ID. The Consolidated Appropriations Act, , indicates that the ECIP is intended to support low- and moderate-income communities, minority communities, rural communities, underserved areas, consumers, small businesses, and nonprofit organizations, among others.
Treasury will take factors such as these statutory considerations into account when it determines the investment amount that eligible institutions will receive under the ECIP, particularly if the aggregate amounts requested by eligible institutions exceed available program funds.
Using information provided in ECIP applications, Treasury will determine a methodology for allocating available funds and determining investment amounts. Treasury will make its methodology public prior to making any investments under the ECIP. In addition, Treasury may determine, based on the volume and types of applications that are submitted, to withhold a portion of the available ECIP funds for a subsequent round of investments to be made at a future date.
As required by law, Treasury issued a rule setting restrictions on executive compensation, share buybacks, and dividend payments for recipients of investments under the ECIP. Members of the public may submit comments regarding this interim final rule by following the instructions set forth in the rule. Technical questions or issues related to the electronic application should be directed to ecip treasury.
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