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International one-time grants to entrepreneurs, small and medium-sized businesses to overcome the economic difficulties and financial losses associated with the worldwide coronavirus pandemicWe believe that the economic consequences of quarantine designed to stop this pandemic cannot be overcome alone. The cooperative form of mutual settlements between business entities is exactly what will help optimize costs and increase profits weakened by the forced stoppage of work of small and medium-sized businesses, as well as entrepreneurs.
Assistance to the above categories is allocated only on condition that they are members of the Glob Star Club cooperative (www.globstarclub.org). Who is not a member of this cooperative has the opportunity to apply for it by paying a membership fee of $ 120 per year or $ 10 per month.
Grants are allocated one time and no more for each legal entity or entrepreneur.
Grants are allocated in fixed amounts to:
- 10,000 Euro / Dollars
- 25,000 Euro / Dollars
- 50,000 Euro / Dollars
- 75,000 Euro / Dollars
- 100,000 Euro / Dollars
- 250,000 Euro / Dollars
Grants are allocated on the basis of a Grant Contract signed and paid for by the grant recipient.
The price of the Grant Contract depends on the amount of the allocated grant and varies in accordance with the following:
- a contract in the amount of 10,000 Euro / Dollars - 10.5% of the amount
- a contract in the amount of 25,000 Euro / Dollars - 8.1% of the amount
- contract in the amount of 50,000 Euro / Dollars - 6.1% of the amount
- contract in the amount of 75,000 Euro / Dollars - 5.1% of the amount
- a contract in the amount of 100,000 Euro / Dollars - 4.2% of the amount
- a contract in the amount of 250,000 Euro / Dollars - 2.1% of the amount
The cost of the contract is paid by the grant recipient from his own funds until the grant is credited to the grantee’s account or after the grant is credited to the grantee’s account.
Grants are non-refundable, like any other grants. This is not a loan. The grant is not refundable to the grantor.
The purpose for which the grant recipient will use the grant is to purchase goods or services from other members of the Glob Star Club cooperative. In this sense, the grant is targeted. If your supplier is not a member of this cooperative, he can easily become one by paying a membership fee.
For grants in the amount of 10, 25 and 50 thousand Euros, at the request of the grantee and expediting the procedure for receiving the grant by the grantee, the contract may not be executed. Instead of the traditional contract, the conditions for grant issuance are written in the line of payment details, the fact that the grantee does not return the grant means that he agrees with the conditions for receiving the grant. That is, the text of the payment details line serves as a contract, as elsewhere in the World for over 50 years.
This financial product begins to operate on April 1, 2020 and will continue until its written cancellation by the grantor.
www.gasfin.com
March 27, 2020
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