|
Bank loan |
Syndicated loan |
Project lending |
Venture capital funding |
Participants |
One bank |
Several banks |
Sponsors, banks (inv. and com.), banking consortium, etc. |
Venture fund |
Requirements |
Analysis of credit history, company’s performance, financial condition |
Large collateral |
Preliminary quality analysis of project development, project documentation, and possibilities of its implementation |
No collateral |
Conditions |
Stable income |
Availability of sufficient capital |
No losses are possible; complexrisk analysis |
A borrower and an investor are equally responsible forlosses |