FUNDING PROCEDURE:
At Skyline Global Ventures Corporation, we ask that clients understand and follow our structured process when working with us. We do not require a retainer fee or advance payment prior to reviewing or committing funding to your project. To help you navigate the process, please note the following sequence of events:
Assignment of Loan Advisor
A dedicated Loan Advisor will be assigned to your project to guide you through every step.
Completion of Client Information Sheet (CIS)
Your Loan Advisor will provide a Client Information Sheet (CIS) for the Borrower to complete. This document is essential for us to understand your project in detail.
Project Evaluation
We carefully review your responses to the CIS to determine whether your project meets our funding criteria. Please provide detailed and accurate information—it is critical to assessing your project’s viability.
Funding Decision
If we determine that your project does not align with the type of funding you are seeking, we will provide written notice explaining our assessment.
Project Information Requirements:
To evaluate your project and proceed with potential funding, Skyline Global Ventures Corporation will request information related to your project, including but not limited to:
Business Plan
Business Registrations
Executive Summary
Two Years of Financial Statements
Detailed Use of Funds requested
Exit Strategy
Identification: A photocopy of your driver’s license or passport
Credit Authorization: Submitting the Client Information Sheet (CIS) grants Skyline Global Ventures Corporation permission to obtain a tri-merge credit report for the borrower
FUNDING REVIEW AND CLOSING PROCESS:
Skyline Global Ventures Corporation will review your submitted information and facilitate communication between all parties as appropriate. Your assigned Loan Advisor will work closely with you throughout the entire process, from evaluation to closing.
Approval & Quotation of Closing Fees
If the Management Board approves your project for funding, you will receive a firm quotation of the closing fees required to complete your loan.
Purpose of Closing Fees
Closing fees are not income to the lender; they cover clearance, documentation, insurance, and regulatory approvals.
Compliance & Clearance
Once the required upfront fees are settled, compliance checks and clearance procedures will commence. This process typically takes 7–21 business days before the central authority (SAMA) announces the loan disbursement.
Refund Guarantee
Upfront fees are refundable if the loan is not funded due to reasons beyond the borrower’s control. This is guaranteed under the governing regulations of the central bank (SAMA / TAIC).