Supply Chain Finance Leader – SecurCapital Corp Receives Initial Customer Letter of Intent (LOI)
LOS ANGELES, CA / ACCESSWIRE / February 14, 2018 / SecurCapital Corp has received an official Letter of Intent (‘LOI’) from a global contractor in Virginia. SecurCaptial will provide the customer supply chain financial services globally throughout a two-year engagement.
“Due diligence is concluded and indicative of a potential funding opportunity by the end of February when transactions will begin,” said SecurCapital, Stephen Russell. “What is significant about this revenue event is that it is a function of an innovative approach to producing securitized debt of high value and attractive credit quality,” he continued. Russell further notes that additional opportunities of similar financing scale and quality with this client and other customers within this vertical market are forthcoming. “We’re very excited to have secured this LOI which launches us into a very attractive marketplace,” he said.
The SecurCloud Platform (‘SCP’) developed by SecurCapital is a fully configurable, “banking-in-a-box” cloud-based customer solution offering trade receivable securitization, structured non-traditional financing, global payments, foreign exchange processing, enhanced security, advisory supply chain services, M&A, insurance and strategic global partnerships.