Finance
Financing Highlights
- The loans are exclusive to EI Technologies projects
- EI Technologies can assist a client to obtain a loan of up to US$12 million on a fast track basis; larger loans are possible but may take longer time
- The loan requires a 20% down payment by the client
- The loan will be payable in 5-10 years depending upon the type of project and how EI Technologies and the client draft the application
- Interest rates are competitive and usually at or below the rate that a client can float a bond
Financing Process
- Agreement on the project scope, cost and timing between EI Technologies and the client
- Project discussion with the financial institution
- Sovereign governments and their institutions are pre-approved
- If the client is a private organization, the bank will review audited financials
- Preparation of loan application with the help of EI Technologies
- Submission of required documentation for loan
- Loan approval
- Simultaneous signing of the contract and loan documents
- Client pays the required 20% down payment
- Project begins
Eligible Organizations
- National Government Ministries (such as National Security, Defense, Transport, Energy, Environment, Health, Disaster Management)
- Smart Cities projects as long as they are supported by the National Government
- Large Utilities (Water, Wastewater, Electric, Gas)
- Natural Resources Companies (Mining, Oil & Gas, Forestry)