KORE Capital Corporation June 2020 Deal Announcement
A 100 plus old firm providing Nursery, facilities management and landscaping services closed on a $15,000,000 USDA and SBA guaranteed loan to refinance their real property and equipment. Upon closing on the term debt management realized that it was going to be difficult to secure a revolving credit facility to support their growth due to substantial intercreditor challenges. KORE Capital Corporation worked with the existing lenders and the government guarantors to provide a $3,000,000 credit facility that provided the liquidity the company required to scale their business from $20,000,000 in revenue to $60,000,000.
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