Can an origination partner focus on only one industry of entrepreneurs?
Origination partners have the flexibility to propose criteria based on their pipeline as long as it is within the GroundBreak overall criteria, meaning industry-specific or industry-agnostic
Are these loans actually grants or are they forgivable loans?” Is the language precise?
While the capital is from GroundBreak’s grant pool, the product is a forgivable loan that can be fully forgiven within three years. Terms should be less stringent than a traditional loan.
Can we include our administrative fee in our proposal?
Yes, it is best to put your administrative fee as part of your proposal.
Do you have a maximum fee that you support?
We do not have a maximum fee and are open to market rate negotiations during the process.
When you say partners will receive an origination and servicing fee for each loan closed, do you mean that we would need to invoice for these fees only AFTER the loans have closed?
We are open to a standard fee for each loan closed or an overall administrative fee to administer the program.
Can origination partners work together on an RFP?
Nothing prevents origination partners from collaborating on an RFP.
