GET, Inc.
Global
EnviroScience Technologies, Inc.
Water Purification Equipment
Industrial, Commercial, Municipal & Marine Applications
Dealer/Distributor/Representative
Inquiries Invited.
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GET, Inc.
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GET EXPORT FINANCING GET, Inc. offers a BOO (Build Own Operate) and BOOT (Build Own Operate Transfer) program for seawater desalination projects of at least 4,000 M3 per day in potable water production. Brackish water plants of at least 8,000 M3 per day may also be eligible for this program. In some cases, a number of smaller plants in close proximity may be arranged under this program, as long as the total daily water sale is at least 4,000 (8,000) M3 per day. We have arranged hundreds of millions of US Dollars for this program. Additional details on this program may be found in the GET BOO, BOOT Program document. This program may be arranged by GET and it’s investors alone, or in some cases in partnership with a strong, reputable local partner or partners. GET works with the US Ex-Im Bank on medium-term (5-7 years) financing programs. In general, Ex-Im will check the credit and financials of the client (governmental or commercial). If Ex-Im believes the client has the assets, income and history to support repayment of the loan, Ex-Im will issue an insurance policy to a US bank for 85% of the project value. The client must either pay a 15% down payment, or may in some cases may finance this amount elsewhere. The client also pays the Ex-Im fees, which are quoted upon receipt of the application with financial details. The fees very from country to country and are affected by the perceived risk. A range of 5-7% may be used for preliminary planning only. The US bank will then loan 85% of the project value to the client, remitting the funds to GET as required for project completion. Typically, the interest rate is very good, perhaps LIBOR plus 1-2%. This program may be considered for project valued at from US $750,000.00 to US $10 million. It is available in countries in good standing with the US government at the discretion of Ex-Im Bank. Startup companies or joint ventures may be able to use this program by arranging a bank guarantee or other security acceptable to Ex-Im. GET may arrange through an insurer for short-term open account financing to help GET distributors to deliver and get paid for the system prior to paying GET. Typically, this program can be used to finance small to medium sized orders ($10,000.00 to $500,000.00) for terms of 30-180 days. The cost may be around 7-9% per annum. The customer must be approved by the insurer, in some cases for each transaction, or in others for ongoing transactions fitting a particular profile. This program enables GET to offer extended payment terms to selected customers, while meeting the cash flow needs of the manufacturer. GET uses leasing companies to finance medium sized projects ranging from US $50,000.00 to US $10 million. Typical repayment terms range from three to seven years, with interest rates under 10%. In some countries considered low risk, such financing may be arranged on the strength of the financials of the customer, using only the equipment as collateral. In other cases, additional security may be required in the form of a bank guarantee, standby letter of credit, or other instrument acceptable to the lender. This type of financing meets US guidelines for a lease which has significant tax advantages. Normally, at the end of the lease, a $1.00 buyout is used to transfer ownership of the equipment to the customer. The leasing company charges a credit report fee, payable by the customer, at the time of application. GET and/or it’s investors may under certain conditions entertain the possibility of a joint venture or become an equity partner in certain projects involving mainly GET equipment. In such cases, a very strong business plan for a business based in a low risk country, with security and/or insurance to cover the US investment, and agreeable equity, terms & conditions would all be required. Each case would be handled on it’s own merits. Projects that do not involve mostly GET equipment & technologies would not be considered. Program details are deemed accurate at the time of writing, but are subject to confirmation by the insurer and/or financial institution, and may change at any time without prior notice. Please contact GET, Inc. for additional details and/or an application for any of the above financing programs. |
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Copyright 1995-2008 GET, Inc. Water Problems? GET the Complete Solution! Quality is remembered long after the price has been forgotten. Hablamos Español.
GET, Inc. Global EnviroScience Technologies
Mail:
PO Box 90756, Long Beach, CA 90809-0756, USA Tel: 1-562-983-7777; Fax: 1-562-608-8875
E-Mail
us now! :
info@get-inc.com
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