CANNAINVESTOR Magazine July 2017 | Page 133

After prospective cannabis business has undergone the initial screening process, the income and asset documentation is provide to MetroCity CannaCapital. MetroCity CannaCapital will review the assets and income of the company to determine the max allowable loan amount that can be serviced by the companies income. MetroCity CannaCapital will issue a letter of engagement that will give the business owner an idea of what loan amount they might qualify and what the target interest rate will be. The letter of engagement is not a letter of intent, or a commitment to lend. The letter of engagement will rate the loan request tier I-V. Tier I rating does not require an insurance wrap at all, no upfront deposits necessary. A Tier II rating will require an insurance wrap of not less than 25% coverage. Tier III rating will require an insurance wrap of 50% coverage. Tier IV rating will require an insurance wrap of 75% coverage. Tier V rating will require an insurance wrap of 100% coverage. A deposit is required for Tier II-V rated loan request.

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