UNDERSTANDING PROOF OF FUNDS

When it comes to securing and executing high-value transactions be it purchasing property, importing goods, bidding for government contracts, or closing a major business deal, access to liquid capital is often more than just a competitive edge. In many cases, it’s a mandatory requirement that determines whether you even get a seat at the table.

Stakeholders want reassurance. They want to know that you’re not just interested, you’re capable, ready, and financially equipped to follow through. This is where Proof of Funds (POF) becomes essential. It acts as an undeniable confirmation that you have the financial strength to follow through, giving your counterparts the confidence to move forward with you.

At Cool Financial Services Limited, we recognize the high stakes involved in these transactions. That’s why we’ve developed a streamlined, reliable, and secure Proof of Funds solution designed to meet the urgent needs of individuals and organizations. Whether you need to show financial readiness for a high value business deal or simply want to increase your financial credibility in negotiations, our POF service equips you with exactly what you need quickly, securely, and professionally.

WHAT IS PROOF OF FUNDS?

Proof of Funds is a formal document that verifies that a buyer, investor, or business has the financial resources available to complete a proposed transaction. In many organizations, showing this proof is essential for credibility, confidence, and compliance. Whether you’re bidding for a contract, negotiating with a supplier, or making a major purchase, a POF helps you prove that you're financially ready.

Our POF service gives clients the ability to present a verified financial statement, backed by a structured loan facility.

HOW DOES OUR PROOF OF FUNDS WORK?

We’ve simplified our POF application process to make it fast, secure, and reliable:

1. The process begins when the client submits a formal loan application letter to Cool Financial Services Limited. Along with the letter, the client is required to provide a recent bank statement covering the last 3 to 6 months which provides a clear picture of the business’s financial activity, stability, and cash flow.

2. Before any funds are disbursed, our legal team conducts a comprehensive evaluation of the client’s financial profile.

3. After the loan application is reviewed and approved, the client provides a completed application form, a signed, undated transfer instruction (UTI) equal to the loan amount, a letter to the bank requesting a debit freeze on the loan account, stating that it cannot be lifted without our consent; and a signed Power of Attorney executed before a court or notary public, authorizing Cool Financial Services to act if repayment terms are breached.

4. The loan agreement is carefully drafted and issued to the client, clearly outlining all the terms and conditions of the credit facility including the loan amount, interest rate, repayment terms, duration, and applicable fees or penalties. Once reviewed and agreed upon, both parties formally execute the agreement, establishing a legally binding commitment.

5. Once all the required documentation has been reviewed and the client’s creditworthiness has been verified, the loan application is formally recommended for approval. Upon receiving the necessary internal approvals, the facility is processed for disbursement within 48 hours, ensuring timely release of funds to support the client’s transaction needs.

WHY PARTNER WITH US FOR YOUR POF NEEDS?

1. Speed: Receive swift approval and disbursement of funds, enabling you to seize time-sensitive opportunities without delays. Our streamlined processes are designed to get you funded in record time.

2. Security: Your financial transactions are handled with the utmost care. We prioritize the safety of your funds and ensure that your reputation remains untarnished throughout the entire process.

3. Credibility: Strengthen your business position by presenting verified and legitimate financial backing. Whether you’re bidding for contracts, attracting investors, or pursuing partnerships, our support enhances your professional credibility.

4. Support: From application to funding, our team will guide you every step of the way. We provide personalized assistance to ensure a smooth, transparent, and successful experience.

Take the First Step Toward Success

Are you about to close a major transaction, a business deal, or step into an important negotiation? Let Cool Financial Services Limited provide the financial backing and credibility that sets you apart. Our Proof of Funds solutions are designed to give you the confidence and leverage you need to move forward securely and strategically.

Connect with us today to discover how our support and financial tools can empower your next big move. Let’s help you turn opportunity into achievement!