International investors, in co-operation with Meridian Capital Enterprises Ltd., finance enterprises granting them investment, working capital and refinancing loans in excess of EUR/USD 10.000,000 (minimum loan amount).
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We offer loans to enterprises who need financial resources to continue their development and expansion (investment loans), and to those who urgently need financial resources, due to temporary liquidity problems, to finance current transactions (working capital loans) or repayment bank credit facilities (refinancing loans).
Meridian Capital Enterprises Ltd. is neither a bank nor a credit advisory or financial intermediation firm. Meridian is an international, non-banking, financial institution, supported in terms of capital by investors proceeding, among others, from countries of the Persian Gulf area.
Meridian Capital Enterprises Ltd. is a company registered in Israel, under the number 514108471, General Register Office approved by the Ministry of Justice, governed by the Companies Law, 1999.
Meridian Captial Enterprises Ltd. is a financial institution belonging to an international finance group encompassing such financial institutions as: Goldman Investments Group (USA), Citi Investors Inc. (USA), Sachs & Morgan PLC (USA), Edelman Finance LLC (Israel), World Financial Fund (UK), Pioneer Global Fund (UK), KHETCorp. (Hong Kong), Sumida Holdings (Japan), Saudi Investors Trust (Saudi Arabia), Al Buhaira Capital PSC (UAE), Sharjah Investments LLC (UAE).
The legal basis for granting the loans by Meridian Capital Enterprises Ltd. is formed by:
- Banking Law
- Civil Code
The types of loans include:
- short-term – granted for the maximum term of 1 year
- mid-term – granted for the term from 1 to 3 years
- long-term – granted for the term longer than 3 years
A prerequisite for signing the loan agreement is the Borrower’s:
- having credit capacity within the meaning of the Banking Law
- having loan collaterals
- mortgage upon real property
- bill of exchange with the declaration
- guarantee
- bank guarantee
- assignment of rights from future debt claims
- assignment of rights from insurance policy of movables or real properties
- assignment of movables, including fixed assets
- pledge on movables
- other forms of collaterals proposed by the Borrower
Loans are granted in the following currencies:
- EUR, USD, CHF, GBP
Loan interest rate may be:
- fixed
- variable
- LIBOR/EURIBOR for terms of 1, 3 or 6 months – depending on the loan currency
- margin ofMeridian Capital Enterprises Ltd.
EURIBOR rate (Euro Interbank Offered Rate) is the interest rate for loans in the Euro area offered by one bank to another one. It is the average listing of 57 largest banks from the Euro area – set by FBE - Federation Bancaire de L'Union Europeenne in Brussels at 11:00 a.m.
The margin of Meridian Capital Enterprises Ltd. is generally lower than the one of banks, on average by 10 to 20%, compared with bank offers.
The margin of Meridian Capital Enterprises Ltd. is similar to the bank offers if the financing covers a project giving rise to a significant financial risk.
The margin of Meridian Capital Enterprises Ltd. is fixed during the whole term of the loan agreement.
The loan may be disbursed:
- one-off
- in instalments
Meridian Capital Enterprises Ltd. provides for the possibility of granting to the Borrower a grace period in repayment of principal.
Meridian Capital Enterprises Ltd. is entitled to get commission due to granting the loan.
The commission amount is from 0.5 do 3% of the loan amount.
The amount of commission depends on:
- the loan amount
- the financial risk
The commission is payable at the time of disbursing the funds (loan payout). It means that the loan amount will be diminished by commission on the day of loan disbursement.
Photo: April 2008, Saudi Arabia, Riyadh
Meeting of the investors from Persian Gulf area: Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Oman with entrepreneurs from all over the world.
Meridian Capital Enterprises Ltd. may refuse to provide financing not only due to subject-related reasons, but also due to the client’s behaviour not complying with the standards binding at Meridian Capital Enterprises Ltd., mentioned under items 13 to 19.
In exchange for financing Meridian Capital Enterprises Ltd. expects that its clients will adapt to specific requirements and comply with the effective procedures. A breach of this principle makes it impossible for the client to obtain financing from Meridian Capital Enterprises Ltd.
The principle of independence is binding at Meridian Capital in respect of subject-related and procedural decisions. It means that it is not acceptable that the clients exert any pressures on our employees in order to obtain financing. A breach of this principle may cause effects opposite to the intended ones and finally result in our refusal to provide financing.
When proceeding with the client, Meridian Capital Enterprises Ltd. makes current and repeated assessments of credit capacity and collaterals. It means that at any time, before taking the final decision as to financing, the client is obliged to present the required documents and information. A breach of this principle may result in our refusal to provide financing.
The financing may be refused due to the client’s passive attitude, understood as lack of co-operation with Meridian Capital Enterprises Ltd., and inactive attitude when applying for financing.
The financing may be refused due to the client’s failure to comply with declarations and statements of will presented in any form during the proceedings related to financing.
The financing may be refused due to the client’s presentation of untrue information, i.e. not complying with the actual or legal status, and hiding true information.
Meridian Capital Enterprises Ltd. may refuse to co-operate with clients suspected of committing the crime of financing extortion, economic espionage or another action to the detriment of Meridian Capital Enterprises Ltd. Those crimes are prosecuted by Meridian Capital Enterprises Ltd. with great resolve, unrelenting consistency and determination with the use of all available instruments.
Meridian Capital Enterprises Ltd. may refuse to finance clients not having sufficient knowledge, experience and skills needed for realisation and implementation of the project to be financed.
The principle of banking secrecy is binding on the banking market. It results from the Banking Law regulations.
The principle of confidentiality is binding at Meridian Capital Enterprises Ltd. and it results from the expectations and legal reservations of our clients.
Meridian Capital Enterprises Ltd. guarantees and ensures full protection of information about its clients. It covers in particular the ban on disclosing to anyone, any time and in any form any information containing data of the enterprise, its financial results and know-how, and also about its representatives. The principle of confidentiality (secrecy) also covers the negotiations and talks held with the enterprise, including its technical, technological, organisational and all other information about the client.
The principle of confidentiality does not apply to authorised state authorities.
BENEFITS FROM LOANS GRANTED BY MERIDIAN CAPITAL ENTERPRISES LTD.:
- interest rates, including margins, are usually lower than those offered by banks
- faster access to financing compared with banks
- lack of complex procedures, and in consequence easier access to capital, compared with banks
STEP BY STEP:
- submission of application for financing, along with documentation
(download application in MS Word format) - determination of the loan terms and conditions
- determination of the terms and conditions of signing of the loan agreement
- signing the loan agreement
- • disbursement of funds (loan payout)
