LENDING SOLUTIONS TAILORED TO YOUR NEEDS.
CORFinancial Corp. understands the cash-flow pressures that small to mid-sized businesses face every day. With our depth of resources, we provide all our clients with quality funding solutions and a hands-on approach through the entire approval process. We take time to get to know our clients, understand their borrowing needs and what their short-term/long-term objectives are. This helps borrowers to alleviate the stress associated with the loan application process.
Once a loan is approved and funds are advanced, we don’t just move on to other clients. Our focus is then to continue providing our expertise to assist clients with their future funding needs which could include additional financing or preparing them to apply for conventional banking with more appealing rates and terms. While we focus on loans of $100,000 to $10,000,000, we have the capability to syndicate larger loans up to $50,000,000. Credit is not a major factor in determining an approval. We provide practical, flexible, and creative solutions to each client based on assets, enterprise value, and borrowing needs.
we offer various funding solutions to suit your business needs. Thinking outside the box is our specialty and client-centered care is our priority. With our extensive experience in providing practical, flexible, and creative solutions to our clients for over 40 years, you can be sure that we have a solution for you.
1 / Working Capital Financing
Working Capital Financing is a business loan that is used to finance a company's everyday operations. These loans are typically used to provide the capital required to cover a company's short-term operational needs. The loan is usually secured with collateral assets such as real estate, inventory or accounts receivables
2 / Bridge Loan Financing
A Bridge Loan is a short-term loan used until a person or company secures permanent financing. It allows the borrower to meet current obligations by providing immediate cash flow. Bridge loans are short term, up to one year, usually with high interest rates, and are secured with collateral assets such as real estate, inventory or accounts receivables.
3 / Accounts Receivable Financing
Accounts Receivable (AR) Financing is a type of financing agreement where a company receives capital related to a portion of its accounts receivables owing. Accounts Receivables are assets equal to the outstanding balances of invoices billed to customers but not yet paid. AR is reported on a company’s balance sheet as an asset, usually with invoice payment required within one year. The process of AR financing is often known as factoring.
4 / Purchase Order Financing
Purchase Order (PO) Financing is a short-term commercial loan that provides a business with the capital to pay suppliers upfront to produce purchase orders for customers. PO financing is designed for new and growing businesses such as manufacturers, distributors, wholesaler/resellers and exporters/importers that need to produce and deliver large orders. The loan is usually secured by the customer purchase order as the collateral asset. Typically, once an order is delivered the PO financing then gets turned into AR financing and the loan is paid down when the customer pays their invoice.
5 / Equipment Financing
Equipment Financing is a loan provided to company’s for the purpose of acquiring equipment to operate their business. This type of financing can also be used to refinance a business using the existing equipment as the collateral asset to secure the loan. The financing is secured using the new or existing equipment as the collateral asset along with corporate and personal guarantees from the company and all owners.
6 / Mezzanine Financing
Mezzanine Financing is a form of funding that is positioned partway between the equity and debt financings used by a business. It is designed to provide cash to an existing business that requires the funds to grow, or for a leveraged buyout, or a corporate restructuring. Also known as Mezz Debt, this financing can be converted to equity if the debt is not repaid by the borrowers and business.
7 / Debtor-In-Possession (DIP) Financing
Debtor-In-Possession (DIP) Financing is a special form of financing provided for companies in financial trouble, typically during restructuring under corporate bankruptcy law. Usually, this debt is considered senior to all other debt, equity, and any other securities issued by a company. DIP financing may be used to keep a business operating until it can be sold as a going concern, if this is likely to provide a greater return to creditors than liquidating the company’s assets and closing down. It may also give businesses in financial trouble a new start.