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Process and fees

How a mandate runs from the first conversation to the first drawdown, what each type of mandate costs, and what we need from you to start.

Timetable

Typical timings for a cash-flow or asset-based facility when the information is ready. Real estate bridges can be quicker; cross-border facilities take longer.

01

Diagnose

We review accounts, forecasts, collateral and use of proceeds, decide whether the credit can be financed and with which instrument, and agree the mandate in writing.

W1
02

Prepare

We write the credit memo, build the lender model, prepare an anonymous teaser and set up the data room.

W2–3
03

Approach lenders

Lenders on a shortlist agreed with you sign an NDA and receive the memo, a timetable and a bid template, so offers arrive in a comparable format.

W3–6
04

Negotiate

We compare term sheets line by line, run a second round where useful, and negotiate leverage, margin, fees, covenants, security and prepayment terms.

W6–8
05

Close and draw

We coordinate due diligence, valuations, legal documents and conditions precedent with the lawyers on both sides until the first drawdown.

W8–12
W1234567891011W12

Fees

Fees are agreed in writing before we start. If a lender pays us a commission or arrangement fee, we tell you before you accept the facility.

Placement

One facility, a defined need

Success fee only, no retainer
  • View on bankability within 5 business days
  • Approach to a shortlist of lenders
  • Term sheet review and negotiation
  • Fee payable on funding
Request a Placement mandate

Full process

Competitive process across lenders

Work fee plus success fee
  • Everything in Placement
  • Credit memo, model and data room
  • Wider, structured lender process
  • Support through documentation to drawdown
Request a Full process mandate

Capital partner

Sponsors, family offices, groups

Annual programme, agreed case by case
  • Everything in Full process
  • Debt strategy and refinancing calendar
  • Acquisition financing when needed
  • Covenant and lender monitoring
Discuss a Capital partner programme

The work fee on a Full process mandate covers preparation of the credit materials. Fee levels depend on the size and complexity of the facility and are quoted in the engagement letter.

Documents to start

The first four items are enough for a view on whether the credit can be financed, how much it might support and which lenders would look at it. The full data room comes later.

Go to the request form
Three years of financial statementsAudited if available
Current management accountsYear to date
Short business descriptionTwo pages is enough
Amount and use of proceedsAcquisition, refinancing, growth
Collateral summaryFor asset-backed requests
Existing debt scheduleMaturities and terms

Questions

If yours is not here, write to rveles@sigmacreditcapital.com.

Why use a broker instead of going straight to my bank?
Your bank offers its own product at its own price. When several lenders bid on the same credit, the borrower can compare leverage, pricing, covenants and flexibility side by side. We also know which lenders are currently lending in your sector.
How are you paid?
Mainly through a success fee payable when the facility funds, agreed in writing before we start. Full process mandates also carry a work fee for preparing the credit materials. We disclose all fees and any commission paid by a lender.
Do you lend your own money?
No. Sigma Credit Capital is an intermediary and holds no loan book.
Will my bank know I am speaking to other lenders?
Only if you want it to. We agree the list of lenders with you, and each signs an NDA before seeing named information. You can invite your existing bank into the process.
Do you arrange consumer loans or mortgages for individuals?
No. We arrange credit for companies, sponsors, property vehicles, family offices and other professional counterparties only.
Can you finance a Brazilian or Latin American company?
Yes. USD and GBP facilities for Latin American borrowers are one of our six facility types, originated with the Sigma Trust team in São Paulo. Structures usually use an offshore holding company, export receivables or hard-currency collateral.
What happens if the credit cannot be financed?
We tell you in the first week, explain why, and say what would need to change: more equity, a different instrument, better reporting or a later timetable. A Placement mandate carries no fee unless a facility funds.

Arrange a first call

Send the request form with the amount and purpose. We reply to arrange a call and, where needed, an NDA.

Go to the request form