Eligibility Requirements
Verified accredited investors only.
Under Rule 506(c) of Regulation D, Allencrest Credit Funding LLC may only offer and sell these notes to investors who qualify as accredited investors and whose status has been verified using reasonable steps.
Individual investors
Accredited Individual Thresholds
An individual qualifies as accredited if they meet any of the following:
- Annual income exceeding $200,000 (or $300,000 joint with spouse) in each of the past two years, with reasonable expectation of same in current year
- Net worth exceeding $1,000,000 individually or jointly with spouse, excluding primary residence
- Holds a Series 7, Series 65, or Series 82 license in good standing
- "Knowledgeable employee" of the fund (if applicable)
Entity investors
Accredited Entity Thresholds
An entity qualifies as accredited if it meets any of the following:
- Total assets exceeding $5,000,000 (not formed for the purpose of investing)
- All equity owners are individually accredited investors
- Registered investment company or bank
- State or SEC-registered investment adviser
- Family office with $5M+ in AUM
- Qualified institutional buyer (QIB)
Verification Process (Rule 506c)
Rule 506(c) requires that the issuer take reasonable steps to verify that all investors are accredited. Self-certification is not sufficient under Rule 506(c).
Accepted verification methods include:
- Tax returns showing income for last two years
- Bank statements, brokerage statements, or appraisal showing net worth
- Written confirmation from CPA, attorney, broker-dealer, or registered investment adviser
- Copy of active Series 7, 65, or 82 license
- Entity formation documents and financial statements
What to expect:
- Submit interest inquiry
- Receive verification request from Allencrest team
- Provide supporting documentation to our counsel
- Verification confirmed — offering documents delivered
- Subscription and funding