About Us
COMPETETIVE SUMMARY
The Settlement In Advance (SIA) funding is an alternate capital source. It is not a loan. The funding amount is based on the merchant's monthly gross processing revenue. (SIA) securitizes the unearned settlement of future credit card sales in advance of earnings as the basis of merchant funding.
Many hotels/resorts are contractually mandated to refurbish their property to maintain "good standing" within their reservation systems. SIA will not require the hotel/resort's fixed assets as collateral for funding. SIA does not operate as a lender or a finance broker. SIA's funding facility will be implemented in a mutually agreeable manner that will not violate any pre-existing bank loan terms. We believe that SIA offers hassle-free access to capital that seamlessly integrates within each hotel/resort's existing operations while conveying a competitive advantage over traditional sources of financing.
For example, SIA will utilize the hotel/resort's monthly credit card processing of Visa and MasterCard revenue as a settlement-in-advance of unearned revenue. Each hotel/resort could potentially have access to $150,000 over three phases of advances ($50,000 for each phase) to upgrade its facilities with no hassles, no waiting, and no extra collateral, just available cash to improve each hotel/resort's property and earn additional revenue.
The hotel/resort will agree to sign a new merchant application with SIA's Acquiring Bank and will agree to allow SIA's Acquiring Bank to process its future credit card transactions exclusively until the terms of the settlement-in-advance are satisfied.
The fee for transacting the settlement-in-advance will depend on underwriting and risk analysis; nonetheless, processing fees charged to each hotel/resort may increase by 1%, or 150 basis points, on total credit card processing revenue. No interest is assessed or otherwise charged for funds advanced, provided the advance will require repayment of the principal advanced on mutually agreed terms. The timeline governing the repayment of the Principal, in whole or part, shall be at the discretion of the hotel/resort subject to the approval of SIA. The increase in processing fees will end when the SIA recoups the advanced funds.
OVERVIEW
Settlement in Advance Inc., a Nevada corporation ("SIA" or the "Company"), is offering the opportunity to provide an investment amount equal to $1,000 (the "Principal") to be placed in a custodial account to be maintained by the Company or its designates (the "Custodial Account"). The Principal will be held in the Custodial Account until the Company engages in an initial public offering ("IPO") or is refunded to you. If the Company engages in an IPO, you will be given the option to either (i) receive securities of the Company that can be exchanged for the common stock of SIA at a discounted rate equal to 90% of the market value of its common stock ("Option"); or (ii) receive a full refund of the Principal.
Custodial Agreement and Executive Summary
The terms of your investment will be more particularly outlined in the definitive Custodial Agreement and related documents. This Summary of Terms outlines the proposed investment based on the current condition of the Company's business operations.
TERMS OF CUSTODIAL AGREEMENT
Principal: You will agree to place $1000 into the risk-free Custodial Account as consideration for the Option.
Refund: For as long as the Principal is held in the Custodial Account, and you have yet not exercised your Option:
1. You can withdraw your investment without penalty and receive 100% of your Principal refund.
2. At any time, the Company can return your Principal investment for any or no reason.
3. Upon dissolution, change of control of the Company, or termination of the Custodial Account, you will receive 100% of your Principal refunded.
Once you exercise your Option, the Principal is no longer refundable.
IPO: If SIA engages in an IPO:
1. You can withdraw your investment with no penalty and receive 100% of your Principal as a refund.
2. You can exercise your Option to acquire SIA stock at a discounted rate.
3. You can purchase additional SIA stock at market price.
GAAP ACCOUNTING
According to GAPP accounting covenants, the settlement-in-advance funding is not a reportable liability; it is an interest-free unearned payment in advance against future revenue. SIA believes that the tax treatment of our funding program offers a significant advantage over loans and other traditional funding sources, which are generally categorized as liabilities.
FORWARD-LOOKING STATEMENTS
Matters discussed herein contain forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance, or achievements expressed or implied by such statements. Statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as "estimate," "anticipate," "believe," "plan," "intend," "expect," "may," "should," or similar statements are forward-looking statements. Risks and uncertainties for the Company include but are not limited to, the risks associated with the impact of general economic conditions in countries in which the Company conducts business, the impact of competitive products and pricing, demand and market acceptance, the continuation and development of key customer and vendor relationships, and the availability of high-quality, qualified personnel and management. Other risks include but are not limited to, factors affecting development and expansion activities, generally including access to capital to meet all of the Company's financial requirements and the Company's ability to control costs. There can be no assurance that the Company's efforts will succeed and the Company will ultimately achieve sustained commercial success. These forward-looking statements are made as of the date hereof, and the Company assumes no obligation to update the forward-looking statements, except as required by applicable securities laws, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations, and intentions contained in this document are reasonable, there can be no assurance that those beliefs, plans, expectations, or intentions will prove accurate. This document shall not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company in any jurisdiction.
NOTICES:
Please send all notices and communications to the following address:
Settlement in Advance, Inc.
Attn: Micheal J. Brock, Esq. c/o William Barber
1850 E Sahara Avenue, Suite 206
Las Vegas, Nevada 89104
Tel: (702) 408-7195