CORA J&C Lending

06/01/2022

Another successful history.

💚We are Cora J&C Lending and we help the backbone of the country maintain cash flow and continue to grow.

Are you looking for growing capital or working capital for your business?

- Rossane👧: Yes, you've come at the right time for us,

💚: That's great, we're here to help,
How much are you looking for?

-Rossane👧: We need about $95,000, for the purchase of machinery, and working capital.

💚: How much did you make last month?

-Rossane👧: Not bad, about $100,000 Mo.
We are looking for those loans, that we want to grow faster, I would think, we will get a positive return, after that.

So far we lack capital, and we have tons of new customers, who buy our product, and we want to deliver as soon as possible the current orders.

Do you think you can help us?

💚: Definitely!!! Awesome job you guys have done.

We will need to start the process
✔️ Bank statement for the last 6 months,
✔️ Fill out our application form

And submit all the information through our partner portal.

When you get a response for my partners it can be approval, or disapproval.

If you get approval, you will receive an offer the next day, with all the information you need: Rates, time, and all that.

Then you can decide which option is better for you, whether to accept it or reject it.

You will make the decision to go ahead or not, it's all up to you.

-Rossane👧: Of course I will upload the document,
I hope everything goes well.

💚: Of course it will;

-Rossane👧: Good morning I want to tell you,
"I got the approval, it's a term loan, and the amount is $95k, exactly what we are looking for,

The process was really fast and painless for me, thank you.
Highly recommend.

💚: It was fast, awesome,
Thanks for the update.
We are here to help.

if you want it happens to you, feel free To shoot us a DM we are here to help!

05/27/2022

What do I need Extra Capital For?

In other words, why do you need a loan? It seems like a simple enough question, but it's one that is often overlooked by borrowers seeking extra capital.

The reason we think this should be the first question is because articulating the purpose of the loan will help answer some of the other questions you will need to ask.

The purpose of your loan will help you identify whether you are trying to meet a short-term or long-term need.

For example, the financing needs for the purchase of fast-moving inventory are decidedly different from those for the purchase of an expensive piece of heavy equipment or a new restaurant facility.

For example, it may not make sense to take out a four- or five-year loan to pay for inventory that will be sold in a month or two.

We Provide Growth Capital For Biz Owners who are looking to reach The Next Level

# #4

05/26/2022

💚Anything can start out as a fun hobby...

And then one day, you're doing the splits between 2 trucks going down a highway

Helping the Back Bone of the country to keep Growing 💚.

05/24/2022

💚ARE YOU GROWING SO FAST AND THAT'S WHY YOU'RE RUNNING OUT OF CAPITAL.

Imagine that scenario!
That's the main problem companies can have during their growth process,

you have an amazing product or service and you start selling through a few wholesalers, and it's a tremendous and immediate success, they ask you for another order, but you get paid 30-120 days for the first one.

You do everything you can to get it, and when you deliver the order, they immediately ask for another one, bigger, more challenging than the first one.

And your family, your friends, even the banks, don't lend to you, because they don't have the capacity to do it, and for the bank you are still not enough for them.

💚 What are you going to do?
Give up or look for a solution that will allow you to supply the wholesalers with your product?

The answer is obvious, you're going to find a way to stay on board, because you have a million dollar product,

Here's how you might get a solution for it.

💚 Purchase order financing: this is a very good option, because you get a loan based on the purchase order you already have, and purchase order financing gives you the cash flow right away, they will charge you a small fee, which depends on each transaction,

💚 Fulfilling this order requires your company to have significant financing to fund production, until it receives payment from the customer.

💚 PO Finance is therefore an effective and popular option for your company. That need a fast and efficient way to finance your purchase orders.

This financing solution ensures the fulfillment of the buyer's orders and keeps the history of (other) business loans clean.

💚 Purchase order financing is possible because your buyer is a well-known and reputable company. This implies that the buyer will honor the commitment.

Whatever your case may be, we can facilitate the financing of your business.
We are here to help, the backbone of the country continues to grow.

Please send us a DM and our team will be happy to serve you

05/24/2022

💚Term Loan brief Explanation💚

💚 WHAT IS TERM LOAN?

Term Loan means a specified amount of money given for a fixed period of time usually between one to ten years and to be paid back with interest agreed.

💚FEATURES OF TERM LOAN

Typically it features on floating interest rate for a specified amount of money, matures normally in between one to ten years and requires a specified repayment schedule.

Loan featured beyond one year, normally repaid from the future cash flow of the borrower.

Lender must actively monitor how borrower comply utilization of loan amount and repayment schedule in order.

✔️ Term loan is a short-term, intermediate-term, or long-term loan offered by financial institutions.

Term loans can be offered at both fixed and floating interest rates.

It is mainly categorized into two types, such as unsecured and secured loans, wherein no collateral/security is required in the case of unsecured loans but is required for secured loans.

✔️ Purpose of Term Loan for Business

Term loans can be used for various business purposes, such as for business expansion, purchasing equipment, machinery, or raw materials, enhancing cash flow, meeting working capital requirements, buying office or business space/land, paying-off rent and salaries, hiring new staff, debt consolidation, etc.

💚 Eligibility Criteria

✔️Age Criteria: Minimum age 18 years and maximum 65 years

✔️Applicant with good repayment history and high creditworthiness
Credit score of 750 or above

✔️Applicant should maintain regular source of income

✔️Applicant with no past defaults with any financial institution
Eligible Entities

💚 CLASSIFICATION OR TYPES OF TERM LOAN

Classification focusing its length of time for which money is lent.

Hire purchasing of home appliances, car loan, home loan, business loan, agriculture loan, loan for professionals etc are the few examples for term loan.

✔️ SHORT-TERM TERM LOAN
It is a single purpose loan, matures within one year mainly to cover unexpected cash shortages.

It helps to either protect a loss hence boost the cash flow or to make some good profit from the utilization deal.

In some occasions, it works as working capital in the production industry for inventory purchase.

✔️INTERMEDIATE TERM LOAN
A planned requirement with repayment period of 1 to 5 years becomes intermediate Term Loan. Repayment can be either from profit generated from the loan amount or from different sources. Purchasing a car may not bring direct profit but boost facility of business.

✔️ LONG-TERM TERM LOAN

Mortgage loans investing real estate and same sort of assets considered to be Long-term Term Loan.

The loan amount may or may not generate profit and repayment period will be over 5 years.

Whether you have a term loan we can help you get funding for it,
Feel free to send us a DM, we are here to help.

05/19/2022

💚 Most of the people know that the most common questions about loans are the following.

✔️ How much money do you need?
✔️What does your credit profile look like?
✔️ How are you going to use the money?
✔️ How are you going to pay back the loan?
✔️ Does your company have the capacity to make the payments required by the loan?
✔️ Can you provide any collateral?

💚💚 HOWEVER what questions do you ask yourself and lender, when you go to borrow money for your business?

Here are some of the questions you may ask yourself before you apply for the loan.

💚Ask Yourself:

✔️What do I need the extra capital for?
✔️How much money am I looking for?
✔️What does my credit profile look like?
✔️How fast do I need the funds?

💚 Ask your lender:

✔️Do you lend to companies in my industry?
✔️What are the interest rates and total cost?
✔️What will my repayment schedule be?
✔️ When will my first payment be due?
✔️ How do I make periodic payments?
✔️ How long does the loan application process take?

💚The most important question you need to answer is.

✔️What do I need the extra capital for ?

In other words, why do you need a loan? It seems like a simple enough question, but it's one that is often overlooked by borrowers seeking extra capital.

The reason I think this should be the first question is because articulating the purpose of the loan will help answer some of the other questions you will need to ask.

The purpose of your loan will help you identify whether you are trying to meet a short-term or long-term need.

For example, the financing needs for the purchase of fast-moving inventory are decidedly different from those for the purchase of an expensive piece of heavy equipment or a new restaurant facility.

For example, it may not make sense to take out a four- or five-year loan to pay for inventory that will be sold in a month or two.

IF YOU HAVE OTHER QUESTIONS, WRITE THEM DOWN IN COMMENTS ⬇️⬇️

In case you're looking for any business loans, or know someone who is, feel free to send us a DM
we are here to help you 💚💚💚💚

05/18/2022

💚We need to stop managing and start leading. Here are 4 ways to be a leader 💚

Managers may forget that what got them to their positions wasn’t likely because they were managed into being successful.

Stand-out talent led themselves in a way that stood out, proving that they could be successful by achieving their own goals and objectives at work.

New managers should remember that the next generation of top talent doesn’t need to be micro-managed; they want a leader that connects employee interests and capabilities with their own opportunities to shine.

💚RECOGNIZE AND ACCEPT THE SITUATION–THEN ACT

Gaining this clarity enables you to not only lead the team through any challenges, but to be mindful of what they need from you besides marching orders.

Understand how your job responsibility has changed, and adapt to the new requirements—both for yourself and those you are managing.

Structure and guidance is important, but only micromanagers require control of minor or routine matters.

As managers, this means letting results speak for themselves, and not micromanaging daily tasks or proving how busy your team is.

💚FOSTER POSITIVE DEVIANCE

Workers want the opportunity to identify options for themselves and to innovate the way they do their work.

Recognize there is probably an effective and efficient model for work, and then recognize some molds are made to be broken, or at least bent.

Instead of managing a team conforming to a schedule or budget, encourage your team to creatively act in ways that they recognize may improve a technique, streamline efficiencies, or even achieve a better outcome all together.

💚EMPOWER YOUR TEAM

If all of your fingers are stopping leaks in the dam, you can’t walk away to do new or other important things.

Many managers, particularly those new to the role, are apprehensive about giving up their control, and wind up micromanaging their direct reports.

Task delegation is one common method managers use to break out of their micromanaging ways.

Delegating tasks, however, is different from empowering authority.

Moving from task delegation to empowerment is the shift between managing and leading.

Consider determining what opportunities are low-risk (to start) components of overall goal achievement, then grant a member of your team the ability to make decisions.

Empowering a team, therefore, not only distributes the wealth of roles and responsibilities, it engages them to think like owners of personal and/or team success.

💚BE BRAVE

You’ve clearly done something right if you’ve been promoted to manager.

Why stop now?

Managers may be risk-averse to mitigate the chances of something taking progress or ex*****on off track, but leaders see opportunities and take them.

Be prepared to take the initiative and opportunities to ask “why” and do something different.

Tiffany Danko and Susan Vroman make the case for not wanting or needing more managers. Rather we crave leaders to show us where to go, then get out of the way.

05/16/2022

💚 Lending designed for the “main street” entrepreneur 💚

Let’s face it, “traditional lending” isn’t really designed for the small guy anymore.

Gone are the days of going into your local bank with a business plan, getting money because of it…

And even though it’s fun to pick on banks, it’s really no fault of their own either.

Instead, it’s a by-product of strict regulations that took place back in 2008, ones that were implemented to battle the “housing crisis”.

Congress saw how banks were doing shady deals, so they put restrictions in place to regulate this…

A great idea at the surface, but it had negative consequences as well.

Now, instead of being able to work with business owners who ACTUALLY need money, banks can only lend to those who like cheap capital.

Anybody else tends to fall outside of the “lending guidelines” they have to follow, creating the “credit crunch” we all know about…

And that’s why more people are turning to:

💚Alternative Lending💚

With this industry, the funding comes from private investors, so underwriting is more “practical”.

Don’t get us wrong, there’s still rules to follow, so it’s not the wild west…

But from an approval standpoint, the odds are exponentially higher.

If we had to give you some form of comparison, we’d say their underwriting is similar to “pre-2008” banking…

Where the deal has to make sense, but if it does, there’s a good chance they can make it happen.

Whether it’s customized products that are designed for today’s business owner, or practical underwriting guidelines that follow common sense…

There’s a lot of ways for business owners to get funding in this industry, even if banks have said no in the past, and if you’re interested:

💚Here’s how to see what we can do for you💚

As with everything in commercial lending, the specifics vary by deal.

One company might be a perfect fit for our line of credit, another company might be better suited for asset-based lending…

It’s impossible to tell at this point, BUT, there is one thing We wanted to mention.

Seems to be a question on everybody’s minds, where they think this is “too good to be true”, so in the spirit of transparency…

Yes, there’s a good chance we’ll be more expensive than traditional banks.

Not all the time, but most of the time because well, we’re designed to help business owners who can’t get bank loans.

Remember, their loan rates are designed for “A+” credits, reason why everything is so “cheap” (at the surface)...

But with our industry, we take on more risk - so more interest is involved.

Of course, there’s still some caps and all that, meaning they won’t be out of this world…

And we always try to make sure you get an ROI from our deals, so it’s “cheap” from that perspective, but something I wanted to mention upfront.

If you’re not cool with that, we’re probably not a good fit…

And lastly, we don’t really work with “startups” either.

In certain cases we do, but it’s gotta be a legit deal.

If you’re looking for inventory on your first e-commerce business, and need 100% financing…

We’re probably not a good fit.

Lenders need to see some skin in the game first, so you’re much better off starting small - then getting a loan after you’ve validated your product.

On the other hand, if you’re a trucker who’s looking to become an owner-operator, and need to buy a new rig…

Then there’s a chance we’ll be able to help you.

Might need a down payment, but again, the situation varies…

So if you’re interested in learning more, here’s the:

💚Next Steps💚

For the next step of this process, the first thing we ask is that you send us a message.

Nothing wild, just give us a brief overview of what you’re looking for, that way we can send the correct infokit after that.

For example, something along the lines of:

“Looking to buy a piece of new equipment, want to see your rates”...

Would be perfect.

After that, We’d send an infokit that explains everything in more detail, that way you can proceed accordingly after that.

If you want a free quote, we can do that for you, if not…

No worries either, you’ve kept your options open for later on down the road.

Anyway, that’s it for now, so if you’d like to learn more about alternative lending…

Or better yet, how it can grow your business, then please:

Scroll down
1. Hit “send message”
2. Give me a brief overview of what you’re looking for…

And we’ll be in touch shortly after that, with a free infokit (that explains everything else in full detail).

- Cora J&C Lending 💚💚💚

P.S. And just to clarify, when we say “startup”, we are talking about anybody who’s been in business for less than 6 months and doesn’t have (at least) $10K/month in revenue.

If you’re over that, there’s a good chance we can help with lending, so please don’t hesitate to reach out because you’re “too small”...

Just wanted to mention this upfront as we don’t generally work with people who are brand new and don’t have any revenue.

04/28/2022

💚PURCHASE ORDER FINANCING EXPLAINED 💚

A purchase order is an order form, issued by a buyer to a seller.

When it’s accepted by the seller, it’s an agreement between buyer and seller on prices and quantities for a product or service.

Although a positive indication for a business, it can lead to problems for cash flow, primarily caused by two things.

💚1️⃣ The business needs large funds to pay its suppliers to produce the goods for the order, a payment which is usually required prior to supplier production.

💚2️⃣ The end customer usually has lengthy payment terms for the product they are receiving, in some cases this can be up to 120 days.

Fulfilling this order requires the business to have substantial finance to fund production, until they get paid by the customer.

Purchase order finance, also known as 'PO Finance', provides funding for businesses with purchase orders to pay their suppliers and smooth out cash flow.

Purchase order financing is, therefore, an effective and popular option for those businesses which need a quick and effective way to finance their purchase Orders

Are you interesting Shot me a DM Or send me an email [email protected]

"https://lnkd.in/eZVZqUV3"

03/30/2022

💚What is Asset Based Lending (ABL)?💚

Asset Based Lending refers to a business loan secured by using a company’s assets as collateral.

This allows a company to immediately access the working capital available in their assets, such as Accounts Receivable, Equipment and Inventory.

Asset Based loans can be structured as revolving credit facilities, allowing a company to borrow from assets on an ongoing basis to cover expenses or investments as needed.

Asset Based Funding is used by companies that need working capital to operate or grow, in some instances these businesses may have reached the limit on their bank line of credit.

Often, companies that implement ABL have cash flow problems, many of which stem from rapid growth. Asset Based Lending facilities help companies manage their rapid growth issues and position them in a favorable position for future growth.

💚How does Asset Based Lending work?

Lender will establish a revolving line of credit (revolver) to maximize the availability of working capital from the company’s asset base.

The borrower then grants Lender a security interest in the items being used as collateral, such as Accounts Receivable, Equipment and Inventory.

A value is given to each asset, and a percentage of the value of the asset is made available to the borrower as a line of credit.

A typical revolver structure will make available 90% of the Accounts Receivable, 75% of Equipment, and 50% of the Inventory value.

When the borrower needs additional working capital, they request an advance, and the capital is sent directly to the borrower’s bank account.

The borrower can request as little or as much capital, depending on what their needs are at any given time. This allows for control of the amount of capital borrowed, thereby lowering the cost of financing.

As the borrower manufactures or acquires new inventory, and as they generate receivables from sales, these new assets become available for inclusion in the borrowing base.

The line of credit is then paid down overtime by collecting on inventory and outstanding receivables.

03/25/2022

💚Purchase Order Financing is an alternative way to access working capital.💚

Purchase Order Finance gives corporates borrowing alternatives.
SMEs can access funds to pay the suppliers before invoicing the buyers. Cash flow problems represent significant issues for small business owners.

For example, a borrowing company receives a significant order from a buyer. At this time, the borrowing company does not have enough liquidity to pay the supplier upfront. So, the borrowing company uses the PO to access liquidity by applying for funding to a financial institution.

💚Why Purchase Order Financing?💚

PO Financing shares a lot of similarities with short term loans. However, Purchase Order Funding is used to pay the production of the goods specified on the PO. The applicant of PO loans and PO funding can not use the funds to make any other payment.

This financing solution makes sure the buyer’s orders are fulfilled and keeps clean the track record of (other) business loans.

💚Use the Purchase Order to secure financing from a financial institution💚

With the PO in your hand, you can inquiry with higher bargaining power, the intent to purchase from your manufacturers.

At this stage, you can get in contact with a lending institution and specify all the funding requirements.

Purchase order financing is made possible because your buyer is a well known and reputable company. Thus, implying that the buyer will honour the commitment.

The financing lender reviews your application process and set up a credit limit. Once the credit check and the due diligence is confirmed, the purchase order financing company will provide the financing options available.

💚What are the interest rates for purchase order financing?💚

The actual rate for purchase order financing depends on many factors. For example, the size of the purchasing order and the agreed time of repayment. Other factors are the business relationship between the parties and their financial stability.

💚What corporates qualify for Purchase Order Financing?💚

The industries qualify for purchase order financing are characterized by large orders from suppliers. The business relationship may also be not bound to the domestic border.

Purchase Order Finance also applies to international / cross-borders orders. Some industries are:
Manufacturing
Retail
Import/export
Distribution

The growth of alternative lenders made Purchase Order Financing a funding option worth considering. In recent year, many startups are finding PO Financing more accessible.

💚Alternative lending companies can solve cash flow issues for small and medium size companies💚

SMEs have limited credit lines compared to big corporates. Thus, Small-medium enterprises struggle to access working capital.

Alternative sources of PO financing companies ask for less demanding conditions. Thus, allowing companies to access working capital more simply and efficiently.