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Why climb the mountain when you can cross the bridge? At Koa Capital, we do what traditional banks can’t. With our speed-to-settle and genuine care, we will get you there.
Can you tell us a bit about the history of Koa Capital?
Koa Capital was established in early 2019 and initially started settling loans from its own balance sheet, and that of the founders and close associates. Demand for the Koa offering began to grow, and the business expanded its funding capacity by syndicating with high-net-worth and family office groups. Koa has since settled about 75 loans ranging in size from $100,000 to $4 million, with a mix of first and second mortgage facilities.
Why should bridging finance make up an important part of a broker’s offering?
Despite the continued evolution of the banking and finance sector, the timely access to capital when required remains a key challenge for businesses of all types. Bank approval processes can be lengthy and cumbersome, couple this with volatile trading conditions impacting businesses and it can present a difficult environment for businesses to access additional funding. This is where a bridging facility, such as those offered by Koa Capital, may be an ideal solution – where a business has the security of physical property but may need more time to satisfy a traditional loan arrangement with a bank. For example, if a business has an opportunity which requires additional funding where time is of the essence, or an urgent refinance is required, but a bank requires full long-form documentation (including tax returns) to be completed, Koa can settle a loan in as little as five days (usually one to two weeks is more comfortable). Banks, in comparison, may take two to three months to do the same. What differentiates Koa Capital as leading short-term lending partner for brokers?
Koa’s major point of difference is its speed-to-settle and genuine desire to solve problems for borrowers, where others may take a more black-and-white, boxes-to-tick approach. Koa will always try to find a solution even if it might involve some less typical types of security or other creative solutions. We are also able to help borrowers who may have had some past issues, as long as the security and exit strategy are solid.
How has this partnership benefited your top broker refers?
Koa has established great relationships with our brokers, based on our focus on speed-to-settlement and commitment to deliver a lending solution. To date, we have tended to work closely with a targeted group of select brokers with whom we have had mutually positive outcomes. Now, we are seeking to expand our network to see more quality opportunities.
Our broker network understands that our prime focus is to settle loans and put money to work for businesses, and with a very attractive fee structure. We charge no upfront costs or due diligence fees, and as such we are incentivised to settle the facility in a timely manner. Koa also strives to avoid having any repayment or default pressure on borrowers, and works with borrowers where possible to resolve any issues.
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