KORE Capital, a provider of accounts receivable–based working capital solutions, closed a new financing facility to support the growth of a small business owner who sought greater flexibility and capacity than their existing senior credit relationship allowed.
The entrepreneur, who operates a growing professional services firm, found that their traditional lending partner was unable to provide the level of credit required to pursue new opportunities. After confiding in a fellow business owner, they were referred to KORE Capital.
“Our goal is always to empower entrepreneurs by providing the liquidity they need to expand operations, take on new projects, and reach their next level of success,” Kwesi Rogers, president and CEO of KORE, said.
KORE Capital structured an accounts receivable-based working capital solution that expanded the business’s capacity to grow. By unlocking liquidity tied to outstanding invoices, the owner gained the ability to pursue new contracts, invest in resources and confidently execute their strategic plan.
“This is a perfect example of how alternative financing partners can uplift entrepreneurs,” the executive said. “When traditional lending channels reach their limits, we’re here to ensure progress doesn’t stall.”
