10-Q: BLUEFIRE RENEWABLES, INC.
10-Q: BLUEFIRE RENEWABLES, INC.
(EDGAR Online via COMTEX) -- Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.
This quarterly report on Form 10-Q and other reports filed by the Company from time to time with the SEC contain or may contain forward-looking statements and information that are (collectively, the "Filings") based upon beliefs of, and information currently available to, the Company's management as well as estimates and assumptions made by Company's management. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. When used in the Filings, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan," or the negative of these terms and similar expressions as they relate to the Company or the Company's management identify forward-looking statements. Such statements reflect the current view of the Company with respect to future events and are subject to risks, uncertainties, assumptions, and other factors, including the risks contained in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010 filed with the SEC, relating to the Company's industry, the Company's operations and results of operations, and any businesses that the Company may acquire. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned.
Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
Our financial statements are prepared in accordance with accounting principles generally accepted in the United States ("GAAP"). These accounting principles require us to make certain estimates, judgments and assumptions. We believe that the estimates, judgments and assumptions upon which we rely are reasonable based upon information available to us at the time that these estimates, judgments and assumptions are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements as well as the reported amounts of revenues and expenses during the periods presented. Our financial statements would be affected to the extent there are material differences between these estimates and actual results. In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require management's judgment in its application. There are also areas in which management's judgment in selecting any available alternative would not produce a materially different result. The following discussion should be read in conjunction with our consolidated financial statements and notes thereto appearing elsewhere in this report.
Development Funding Principal Lender - News
In addition, we receive funds under the grant received from the DOE. Our principal use of funds has been for the further development of our Biorefinery Projects, for capital expenditures and general corporate expenses. As our Projects are developed to
Under the Credit Facility, which matures on October 21, 2015, the lender has agreed to extend credit to Funding in an aggregate principal amount of $75 million. Funding's ability to draw under the Credit Facility is scheduled to terminate on October 20
But Robertson said that funding the businesses that no one else will touch means that borrowers must post collateral -- Rey pledged her fitness equipment -- and pay rates that are higher than conventional lenders charge. Accion charges 10 1/4 percent
Under the program, NYSERDA and a lender will share the cost of the principal, with NYSERDA providing 50 percent, up to $26000, at 0 percent interest. The lender will provide the remaining principal at market rate. To be eligible for financing,
NYSERDA is also offering about $13 million in funding to provide small businesses and not-for-profits with access to low-interest loans to finance the cost of energy efficiency improvements. NYSERDA and a lender will share the cost of principal,
USA Small Business Grants ? Eligibility and Application Procedures ...
The classification for the little enterprise is carried out based on its capital, profit, manpower and productivity. Few of the tiny business are commenced with self finance and mostly it is carried out with the funds borrowed. The government in numerous countries has began funding by way of grant to modest business primarily to prevent the huge down payment as interest to the banks. The grant given for the little company assists the owners or the proprietors to get the principle quantity and there is no worry for them to repay the quantity in future.
The grants given to the little business also assists in creating the growth of the tiny organizations as the source from where the monetary support received is dependable and stable. Usually, the grant for small business is obtained from the local authorities, state government of the national government. Few industrial organizations and the corporations that are established properly also give these kinds of grants, but are not desirable all the time.
The funding by way of grant to modest company is limited. Particular areas are targeted for this type of funding. Principal quantity is the principal region where the capital investment is really much less or not available. The small company grants are also supplied for other organization related works like husbandry, fishery and farming. It is also targeted towards manpower hiring, obtain of new equipments or machinery. If there is necessity of a developing separately, then the modest company grant will be intended for obtain of land and construction of the creating. In the case of business that is established, the little company grants are provided for development and research and also for technologies improvement. The modest company grants are also given for enhancement of international trading to the foreign exports.
The organization strategy really should be drafted well and to be submitted to get the little company grant. Generally, the loan contributor for these tiny business grants is the SBA known as as the Modest Business Administration. It is also important for the borrower to clearly mention the locations where the grant cash will be utilized as the expectation is that around 50% to 85% of the grant income need to be invested for the organization purpose. The grant is given based on this guarantee of investment in company. When the grant is approved, analysis is completed on the credit and concluding report has to be submitted to the lender. Then the amount will be disbursed directly to the owner of the organization by the lender.
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