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LOS ANGELES, CA, March 06, 2020 /24-7PressRelease/ -- Providence Film Group LLC has proudly announced the kickoff of the EB5 process for the supplementation of its production financing. The EB5 process which is popularly known as the EB-5 Investor Visa Program is the fastest and most reliable way for high net-worth foreign investors to get a U.S. green card.
Although the U.S. issues more than a million green cards each year each year, there are many more who do not receive them, even high-net worth investors. This may be because they have no basis for green card eligibility under the U.S. immigration laws, are technically eligible, but unable to claim the green card due to a separate ground of inadmissibility, or couldn't deal with all the application requirements.
Providence CEO, Xavier Mitchell says, "I love this program. It's a fundamentally unique approach to production finance. By supplementing the EB-5 program with other equity and debt offerings, we are able to substantially mitigate risk to investors."
The EB-5 Investor Visa Program makes it possible for foreign high net-worth investors to get a U.S. green card. The program provides U.S. green cards and permanent residency to an investor and their immediate family (all children up to age of 21) through an investment of $1,800,000 USD into a new U.S. business that creates ten or more American jobs. Many U.S. production studios use EB 5 funding as a means to fund film and television shows. The program is also synergistic to all parties.
Some of the more noteworthy EB-5 funded studio investments include:
- Time Warner borrowed $100 million in EB-5 funds and $47.5 million in two separate offerings to underwrite movie and TV production.
- Lionsgate Studios borrowed $66 million in EB-5 funds and $50 million in two separate offerings to underwrite movie production.
The program specializes in helping clients access an excellent and low-cost method of raising capital for their film project.
For more information, go online to www.providencefilmgroup.com
About Providence Film Group
Providence Films is a Los Angeles based entertainment studio whose industry offering's service the multi-billion dollar motion picture, television and music industries. Providence Films foci consist of motion picture production, television production, home video acquisition and distribution, and the development of new entertainment opportunities in an innovative and targeted style.
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Providence Film Group
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