The application and approval process for LAAD’s financing is thorough and efficient, yet personalized. It relies heavily on getting to know potential clients and their unique history and goals.
four to
eight weeks - from start to finish (on average)
Establish Relationship & Identify Needs
A potential client contacts a LAAD office and explains the proposed financing needs.
The local LAAD manager meets with the client and visits their farm or facility.
A basic structure for the loan (interest rate, time frame, collateral) is designed and then negotiated with the client.
Pre-Approval
The manager prepares a “Pre-Loan Proposal” which is sent for approval.
The pre-loan approval is designed to quickly identify potential issues that will need to be addressed before significant commitments in time and resources are made by both clients and LAAD.
Due Diligence
Once passed the Pre-Approval screening phase and the financing is deemed viable, a comprehensive client analysis is completed.
Analysis of the client’s proposal is completed confidentially by LAAD.
Final Approval & Disbursement
If the due diligence supports loan worthiness, the loan is approved, all documents are processed and funds are disbursed.
Throughout this entire process, LAAD officials remain
keenly aware that although loans are given to businesses,
they are first and foremost given to people. Ultimately,
it is LAAD’s belief that people, not the numbers,
have the greatest effect on business success or
failure.
Lending Flexibility
LAAD provides medium and long-term loans and,
to a lesser extent, crop financing, to family-owned
or managed small and medium-sized businesses.
Most loans range from US$200,000 to US$3 million,
and emphasis is placed on financing companies
that export part or all of their production.
LAAD loans normally fund the purchase of fixed assets for agricultural production and processing, but many fund permanent working capital, debt refinancing, and vertical integration.
Management Experience
Our Management Team. Putting diversity of background,
education and experience to work for you.
Several members of our management team
hold advanced degrees from leading universities
in the United States such as Harvard University,
Texas A&M University, and abroad, such as
Universidad Tecnica El Zamorano, in Honduras,
or Universidad Catolica, in Chile, combined with
decades of experience in international development
banking, or have held numerous positions within
LAAD. All this experience means you can rest assured
that our recommendations are backed by a thorough
understanding of your business climate and environment.
