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Revision as of 01:31, 22 October 2009

Current Programs

The Florida Commerce Bank runs many programs as the months progress. The programs are based on both the economic situations the US is currently dealing with and the funds the Bank has available. What Follows is our policies on our loan programs, the status of our Companies, and any other programs we are currently running.

Business Ventures and Joint Ownership

For those of you out there who feel the terms of a business loan contract may be to harsh have an alternative at the FCB. We deal in joint ventures, and feel this is a safe and established way to help our economy and both parties involved. When opening a Business Venture Account (BVA) with the FCB you are not to think of us as the bank giving you the loan, but more as your partner helping you to succeed in your future business. We will always be available to provide advice on actions to take, and will made suggestions on how to improve areas of the business. Let us now explain the process behind opening a BV account and becoming a joint owner of a company with the Florida Commerce Bank.

Opening a BVA

The first steps to owning your own business are the same first steps to opening a BVA. You first need to decide which industry you would like your company to be. To improve your chances of acceptance when you submit your application make sure you do adequate research of the markets. This doesn't need to take you more than a day or two and should consist of keeping track of average market prices, amount of employees need, RM prices, and overall demand for that product on a regular basis.

Application Process

• After you have decided which industry you are going into you should then contact the FCB with your application. Place Application for VBA in the subject line and then in the subject explain briefly why you feel the business you want to start will be profitable and is a good business decision. Dont be worried we arnt' to strict.
• In the PM make sure you include the following information

• NAME (Both Your Name and the ORG Name the Business will be owned by if applicable)
• ADDITIONAL BUSINESS PARTNERS (If applicable)
• INDUSTRY
• AMOUNT OF GOLD/USD NEEDED (This only needs to be an estimate and our loan representatives are more than happy to help you come up with a figure for this amount)
• PERCENTAGE OF OWNERSHIP DESIRED (Generally less than 50% :See Below)

• After The FCB representative has received your application they will respond to you saying that it is being processed a.s.a.p. After this a standard 24-48 hour evaluation period is set up and the final answer will be presented to you before the end of the 48 hours, unless otherwise stated.

Percentage of Ownership

Now the Percentage of Ownership is what makes the VBA work the way it does. In essence you are creating your company as a corporation from the start. Completely with shares and shareholders(yourself and The FCB) now between The FCB and you there is no room for any more people to have ownership in the company (unless already established). The FCB establishes the Gross Worth of the company upon creation and assigns and amount of shares to represent that worth. Then depending on the amount of Gold given by the FCB, the FCB will establish the Percentage of Ownership in the company. This number will be established before the loan process is finished, so dont worry.

Ownership of Less than 50%

Typically the FCB strives to only go into Joint Ventures with business's where it holds the minority of stocks in the company (< 50%). In a VBA where the FCB owners 45% of the company, the guidelines are as follows.

• Instead of weekly GOLD payments like in a Business Loan the FCB will receive monthly share dividends (preferably in GOLD).
• To ensure proper delegation of share dividends FCB will take weekly profit analysis of the company being established.

• The amount of share dividends will be equal to Company Monthly Profits * Percentage of Ownership.
• The dividends will continue to be paid to the FCB until the owner of the company buys out his remaining stock at the original worth(This is very beneficial for you because as the company grows more profitable you still only owe the original amount)
• The owner of the company can then still approach the FCB offering that they buy out the rest of their stock in the company there by relinquishing them from ownership of the company and from their debt.

Ownership of More than 50%

Although we do not like to start these type of ventures, sometimes the economic conditions are favorable for this situation. In the event of the FCB lending and there by owning more than 50% of the company. In the case of a 50.1% ownership or higher, the FCB has majority ownership of the company and all dealings must be discussed with them prior to being made. All of the following rules apply as stated above with a few additions.

• The FCB must have access to the account where the company is at all times.
• The FCB must be noticed before export licenses are purchased, salaries are raised (outside of the predetermined amount), prices are dropped, or large quantities of RMs are purchased.
• The company is not allowed to be sold, unless otherwise agreed upon.

Loans

Because of the Recent surge in Loan Demand. The FCB has been slow in response and processing of these loans. To help remedy this situation. The FCB will be issuing Ticket Numbers to people who apply for loans and will deal with them in order of who applied first with a proper application. (A PM does not count as a proper application. The Form Below Does)

Company or Business Loans

A Company or a Business Loan is defined by the Florida Commerce Bank as any Loan which consists of a total worth of over 12GOLD. These loans are typically to either start a business or to upgrade a business in quality, the Florida Commerce Bank is open to negotiation. Please PM the FCB on more information on setting up your Business Loan with the information and guidelines below.

Application Process

To Apply for a Business Loan from The Florida Commerce Bank please fill our This Form If you would still like to discuss this loan with a FCB representative either PM The Florida Commerce Bank or send an Email to Jah2488@gmail.com including all of the following information ::

• NAME (Both Your Name and the ORG Name the Business will be owned by if applicable)
• ADDITIONAL BUSINESS PARTNERS (If applicable)
• INDUSTRY
• AMOUNT OF GOLD/USD NEEDED (This only needs to be an estimate, but we still need some type of number)
• REPAYMENT LENGTH (Either 4, 6, 8, or 10 weeks)
• REPAYMENT DATE (Either 1-3 weeks, Defaults at 2)

Payments and Interest

Currently The Florida Commerce Bank uses a 15% Flat Interest rate on All Business Loans. This is then applied to the requested amount of USD or GOLD. This Amount is then divided into easy to make payments over the chosen terms. All Payments are to be made weekly before server reset on Sunday night at 23:59 Erepublik Time. No Payments are due until after the Repayment Date. The FCB does not expect you to start a business and be able to make a loan payment within a week.

Violations of Contract

• If The Applicant is unable or refuses to pay back the loan after the established time period. A surcharge of 25USD per day will be added until it is repaid.
• If After 10 days of the end of contract date and the loan has not been repaid the admin will be contacted in order to take action.
• If The Applicant is late in making a payment. A 18-hour "grace period" is established where he/she may still make the payment with no late payment penalty.
• If Florida Commerce Bank has not received a payment after the 18 hour grace period. a 2USD surcharge will be tacked on for every 2 hours until the payment has been made.

Housing or Citizen Loans

A Home or Citizen Loan is defined by The Florida Commerce Bank as any loan which is less than 10GOLD in value and typically is done with USD or a local currency. The Florida Commerce bank is currently accepting home loans for those who wish to apply. We try to keep our interest and payments to a reasonable standard, but because of the high risk involved in all loans in erepublik we hope you remain understanding in our policies.

Application Process

To Apply for a home loan or Citizen Loan from The Florida Commerce Bank please either PM The Florida Commerce Bank or send an Email to Jah2488@gmail.com including the following information ::

• Name
• Amount of Loan (50-500USD)
• Amount of Down Payment (Optional)
• Time Period to Repay Loan (Either 4, 6, or 8 week terms)

Payments and Interest

Currently The Florida Commerce Bank uses a 12% Flat Interest rate on All Citizen and Housing Loans. This is then applied to the requested amount of USD. This Amount is then divided into easy to make payments over the chosen terms. All Payments are to be made weekly before server reset on Sunday night at 23:59 Erepublik Time

Violations of Contract

• If The Applicant is unable or refuses to pay back the loan after the established time period. A surcharge of 25USD per day will be added until it is repaid.
• If After 10 days of the end of contract date and the loan has not been repaid the admin will be contacted in order to take action.
• If The Applicant is late in making a payment. A 18-hour "grace period" is established where he/she may still make the payment with no late payment penalty.
• If Florida Commerce Bank has not received a payment after the 18 hour grace period. a 2USD surcharge will be tacked on for every 2 hours until the payment has been made.

Wellness Boosting Packets

Our Wellness Boosting Program, or WBPs that we have started, can be found in great detail in our Paper. The WBP Program has now been outdated by company health care and Gift Exchange Programs started by Mayors and Political Parties. Although this May be the case, The Florida Commerce Bank is Continuing the WBP Program for anyone who needs them.

• Prices are always subject to change according to market conditions
• All Current Prices are based off of Q1 Gift = 3.20USD

Payments

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Wellness---------Time-Until-You-Receive-Wellness------------------------Price----------

...........+10................1 Days Time......................55 USD One Time Payment [55USD]

...........+20................2 Days Time......................34 USD For 2 Days Time [68USD]

...........+30................3 Days Time.......................33 USD For 3 Days Time [99USD]

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History of WBPs

The WBP was first envisioned an established by Justinious Mcwalburgson III and The Florida Commerce Bank ending weeks of April of 2008. Part of the Offer with WBPs is the ability to make a large order of gifts to be distributed to a group of individuals. We have handled dozens of contracts dealing with everyone from presidents, mayors, and company owners both domestically and abroad. The most recent and notable case was the Provenance Gifting Program started by Former President Immunogenic. The Provenance Gifting Prorgram is credited to what gave Immunogenic his first recognition and steps in the political field in the US, which ultimately led to his election as President in September, Without The Florida Commerce Bank this never would have happened.

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