KORE Capital Corporation Deal Announcement

KORE Capital Corporation provides $3,000,000 revolving credit facility

KORE Capital Corporation provides $3,000,000 revolving credit facility

Kore provides $3,000,000 credit facility

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 inter-creditor challenges.  KORE Capital Corporation worked with the existing lenders and the government guarantors to provide a $3,000,000 revolving credit facility that provided the liquidity the company required to scale its business from $20,000,000 in revenue to $60,000,000.

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