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Financing Solutions

We provide Factoring and Asset Based Lending solutions for small and medium businesses.

Factoring Facilities from $10,000 to $1,000,000. Factoring is the sale of an invoice from a client to Coeur at a discount to the face value of the invoice which enables the client to monetize their accounts receivable.

Our clients typically use factoring to meet payroll needs, fund growth initiatives, pay suppliers, hire employees, or manage short-term financial disruptions.  In practice, a factoring facility is similar to an accounts receivable line of credit.

Coeur will advance 75-90% of the invoice (up to 98% for logistics businesses) to the client at the time that the invoice is purchased.  We release the remainder of the invoice (reserve) at the time that the invoice is paid minus the discount.   Payments are directed to a lockbox account managed by Coeur for the benefit of the client.  Payments are applied to the client’s account on the day that we receive them.  The advance rate and discount fee on invoices depends on the industry, size and credit quality of our client and will be quoted by Coeur to a client at the start of our relationship and formalized in a legal Factoring Agreement.

Coeur provides reporting on invoice receipts through a cloud based system.  Clients can also submit draw requests (schedules) online through the system.

Coeur can adapt a factoring facility to the situation of a particular client.  Service companies can receive credit for mid-month invoices.  Distributors and manufacturers seeking to receive credit on purchase orders that have not been invoiced can open a vendor payment account through Coeur or may set up a purchase order funding facility that Coeur can coordinate through one of our purchase order finance partners.

Factoring Facilities can be setup quickly to handle immediate funding needs. The first step is to Submit an Application to Couer to determine eligibility and financing terms.

​Key terms:

  • ​​No origination or account maintenance fees
  • No minimum use requirement
  • Same day credit for receipt of funds (i.e. no float days)
  • Release of reserves 2x per week
  • Web Based Reporting
  • Vendor Payment Agreements
  • Financial Support Letters

Ledgered Line of Credit from $250,000 to $1,000,000. Coeur’s line of credit is a blend between a factoring facility and a bank line of credit.  While the qualification standards are more rigorous than those of the Factoring Facility, the line of credit is typically advantageous for larger and more established companies.

Under the ledgered line, clients submit invoices to Coeur as they have a financing need.  Coeur finances 80-90% of the value of the invoices at the time of submission.  Pricing is a per diem charge on the amount advanced to the client.  We release the remainder (reserve) on the day after the invoice is paid minus the discount.

Payments are made in the client’s name and directed to a lockbox account managed by Coeur.  Payments are applied to the client’s account on the day that we receive them.  The advance rate and pier diem charge depends on the industry, size and credit quality of our client and will be quoted by Coeur to a client at the start of our relationship and formalized in a legal Financing Agreement.

Coeur provides reporting on invoice receipts through a cloud based system.  Clients can also submit draw requests (schedules) online through the system.

Coeur can adapt a Ledgered Line of Credit to the situation of a particular client. Service companies can receive credit for mid-month invoices.  Distributors and manufacturers seeking to receive credit on purchase orders that have not been invoiced can open a vendor payment account through Coeur or may set up a purchase order funding facility that Coeur can coordinate through one of our purchase order finance partners.

The Ledgered Line of Credit can be setup quickly to handle immediate funding needs. The first step is to Submit an Application to Couer to determine eligibility and financing terms.

​Key terms:

  • ​​No origination or account maintenance fees
  • No minimum use requirement
  • Charged on borrowed amount
  • Per diem charge
  • Same day credit for receipt of funds (i.e. no float days)
  • Release of reserves 2x per week
  • Web Based Reporting
  • Vendor Payment Agreements
  • Financial Support Letters