Start ups and purely retail outlets are not eligible. Dependent on size of loan and collateral taken. Appropriate collateral is taken, when appropriate, personal guarantees are taken, necessary business and casualty insurance required. On most transactions the only fees are to reimburse necessary legal and filing costs. Actual investment amount is based on strength of business plan and meetings with entrepreneurs.
Appropriate collateral is required for loans.
Negotiated percentage ownership in company is required for equity investments. Borrower bears all cost of appraisals, legal fees, insurance and credit analysis. Fees associated with equity investment are negotiated. KHIC and loan programs run by KHIC put a lot of emphasis on the thoroughness and quality of the business plan. Every loan program run by KHIC or its subsidiaries requires a business plan be submitted prior to funding consideration.