KORE Capital, a provider of accounts receivable-based working capital financing, extended a $3 million facility to support an entrepreneur whose expanding subcontract with a major global professional services firm outpaced their available resources.
After leaving their role at a global consulting organization to launch their own firm, the entrepreneur secured a subcontract supporting one of their former clients. Shortly after project work began, the client significantly expanded the scope of the engagement, creating an urgent need for greater liquidity to support staffing, delivery and operational scale.
When the business owner approached their banker in search of a working capital solution, they were informed that the company, as a newly formed entity, would not qualify for sufficient traditional bank credit. Recognizing both the importance of the opportunity and the financial constraints at hand, the banker referred them to KORE Capital.
“KORE Capital exists for exactly these moments when strong businesses face opportunities that require immediate and flexible financing,” Kwesi Rogers, president and CEO of KORE, said. “This entrepreneur had landed a significant contract, but traditional lending channels couldn’t support the speed or scale required. We were proud to step in with a solution that allowed them to continue growing without interruption.”
KORE quickly structured a $3 million accounts receivable-based working capital facility that gave the entrepreneur the liquidity needed to continue executing on the contract and capitalize on the expanded scope. The financing not only stabilized cash flow but positioned the business to scale confidently in alignment with client demand.
“This is the type of entrepreneurial success story that motivates our team every day,” Kwesi said. “Our mission is to uplift business owners by providing the right capital at the right time, especially when growth opportunities emerge faster than traditional lenders can respond.”
