We have designed our loan process in a way to ensure that your money is never exposed to ANY risk whatsoever. In fact, your initial funds sit safely on the sidelines, often in your own bank account, throughout the entire loan process. For set aside deposits under 100M, they now can sit in our Mynizaga lawyers IOLTA (Interest on Lawyers Trust Account) trust account. It is always in a non-depleting status. For set aside deposits of 100M or less, we may ask permission to move the funds to a non-depleting open ended mutual fund. The auditors of the fund are Baker Tilley, one of the worlds largest auditing firms. Why would we request to do this? So that we can bolster the return so as to allow us to push out the loan proceeds to the client quicker than the typical 12 monthly distributions. The most recent regulations however allow us to have the lower than 100M set aside sit in our lawyers IOL:TA account (at Bank of America) for the duration of the loan. We pay 5% interest, paid out monthly, for this method.
To apply for funding for your project, you will need to submit an application package, but prior to doing so you should first contact us to discuss your project and review its business plan to make sure that it appears to be a good fit for our program. If it appears to be, we will provide you with all of the required documents to submit to complete your application package.
Once your application package is submitted, we have our intake and risk assessment teams review all elements of the submission. If your project is accepted, you will receive a comprehensive Term Sheet that outlines the loan terms, including the LOAN MULTIPLE that you have been approved to receive. Our issuance of this term sheet confirms that we're "in", and willing to fund your project - as long as the loan terms are mutually agreed upon and the process steps are followed from that point, your project is a go.
Mynizaga loans do not require any additional corporate or personal guarantees - each loan is secured only by the actual project that our money is helping to create. You are not required to secure the loan with any additional personal or corporate assets.
To be transparent, there is scam Ransom Site called Rip Off Report. There is a totally false post there done so by a former applicant. Who? We do not know for sure. Why? Because the Ransom Site posts anonymous , unverified information and then wants you to pay a $20,000-$100,000 fee to have it taken down. There are thousands of consumer and business complaints lodged against this company. In fact, we are told that they are being taken to the Supreme Court along with Amazon Reviews to be shut down permanently. We will NOT pay ransom to anyone.
We know that in our case, the information in the report can easily be debunked by having your attorney check the LexisNexis site to confirm Mynizaga nor Robert Buchan ever had charges filed or was arrested. Many attorneys for borrowers have done so.
Our attorneys say these types of things are the "cost of doing business in the USA" in a country that allows these types of occurrences. and frivolous lawsuits.
As a point of reference , if information like what is on the scam site was put forth by a TV station, Radio station, Newspaper or Magazine, I could sue them. And win. They are obligated to verify information.
By the process of elimination, we believe the person who posted the totally fictitious post, is a humbly educated Tribal Member from an Indian Tribe in South Dakota. That person placed an application in, did not bring their required set aside deposit, therefore resulting in no loan. Then created the post. Our loans are similar to buying a house. Without the "down payment", there is no way to receive a loan, from us, a mortgage company or a car dealership. Each applicant/borrower has responsibilities, as do we.
