If you do not have an employee on staff who meets the bank's requirements for the manager of the borrower company, then you can receive nominal service in any service. Usually, such services are provided by law firms and brokers.
You can conclude a Nominee service agreement with the provider and get a temporary head for the period of consideration of the loan application (2-4 months), or for the entire period of your company's activity.
The nominee director must meet the following requirements:
- U.S. resident
- Credit Score level: 700+
- Credit Score Volume: $1 000 000+
You can limit the powers of the nominee director and remove his powers at any time. Functionally, it is necessary only until the completion of the bank's consideration of the loan application. After that, you can remove him from his position before receiving a loan to the company's account, or extend the contract with him.
The cost of the nominal service: $5,000 ... $8,000 per month for the period of consideration of the application and $2,000...4,000 after the loan is issued, if you need such a service.