CG Capital, Inc, is a wholly owned subsidiary of CGrowth Capital, Inc,. This fourth borrowing company has been introduced, to allow additional capacity and lending scope. To capitalise on smaller projects and provide a dedicated security mechanism for funding such transactions, CG Capital Inc is secured by 1st legal charge on a floating basis over all its assets. If CG Capital, Inc. undertakes a given project in its own name, it shall hold assets (likely either resource or real estate) of value captured under the security taken.
Where CG Capital, Inc. funds other third party or group related projects, it shall take security over such projects to the same extent, creating a security chain over all projects it is engaged in and those it funds. Whilst CG Capital, Inc. is not a major for such projects to then become stand-alone borrowers.
As with the three main borrower companies, loan capital will be secured against the assets of CG Capital, Inc. appropriate insurance shall be maintained for self-managed projects and be a requirement for companies or organisations it funds.
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