Loans
We are trying to find a business loan of 20 mio USD. One of the “finder” guys asked for 5% comission. I think this is insane. The loan details are below: A Turkish company (a reputable car reseller which operates since 1973) is seeking a long term loan (10-12 years) for growth plans. (A land about 13mioUSD will be acquired -on a very precious disctrict of Istanbul- and then a building - plaza - will be constructed on it. The building will be used for sales, showroom, car repair service, some floors will be rented to corporate clients)
2
Answers
Clarity Expert
No that pricing is too high as the maximum finders fee that is offered is 2.2% i.e. 440K max.
Although if he is doing other tasks for you other than finding the investor that price may change.
Traditionally the commission is as stated 2.2%.
Answered over 6 years ago
Angel Investment, Venture Capital, Idea Validation
5% is on a higer side. Upto 3% is OK.
Answered over 6 years ago