Factoring Company

Here’s the news report I read. “CoreFund Capital

Carriers unable to pay drivers, buy fuel after CoreFund Capital closes

 

They call me 3 or 4 times a week but they haven’t ever offered me a coke. At least Pilot / Loves still offer me a coke.

 

The factoring company, CoreFund Capital, just doubled the line of credit for a Canadian freight forwarding company from $12 million to $25 million in late 2020 as they were struggling with issues of Covid delays moving goods between Canada and the US. Canada requires vaccination to enter the country and has had a notoriously hard line Covid stance.

My conjecture: CoreFund Capital is a hard money lender. You don’t go to hard money lenders to borrow $25 million unless you absolutely have to. Perhaps CoreFund got greedy and strangled on a loan that that was too big for them.

CoreFund Capital, LLC Provides $25 Million Credit Facility for International Freight Forwarder

CoreFund Capital LLC | Better Business Bureau® Profile