Corporate Financing

Financing

The financing your company needs

We look for the best financing for your company

We are professionals in finding financing for companies

We assist companies in finding and obtaining the financing they need at all times. We help you obtain financing to: fulfill the business plan, meet payment commitments, undertake a new contract, make a specific investment, finance organic and inorganic growth, buy a company or replace a very rigid financing in repayment terms or with very demanding covenants.

We help you get the financing your company needs.

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We seek financing through alternative financiers and banks outside your pool.

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We give SMEs and companies access to new sources of financing.

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We design a short, medium and long term action plan.

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Financing Destinations

Liquidity to meet short-term payment commitments.
Hedging for compliance with medium-term commitments.
Funds for organic growth.
Foreign currency operations freeing up bank CIRBE and reducing days and costs.
Bridge for inorganic growth.
Non-dilutive medium/long-term financing for acquisitions and/or business plans.
Improvement of ratios (liquidity, indebtedness...).

Get the financing your company needs!

We study and analyze your economic situation and get you the most appropriate financing.

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Our approach to get your financing

Beyond banks

Our goal at PKF Attest Financing is to present you with the best financing options available on the market from a base of more than 100 different financiers, excluding all financiers in the company's pool.

In order to obtain the best financing, we make an exhaustive analysis of the financial statements, your business plan and the available guarantees and we agree and prioritize with the company the financiers we have chosen, establishing different rounds to approach the different financiers gradually. We are committed to help you get the best financing with a quality service.

Ensure the availability of financing

Adapt term to the financed need

Seek diversification of funding sources

Partners involved with direct involvement in the project

Objectives aligned with the attainment of financing

Careful balance between diversification of sources, availability of funds and cost.

Where do we seek financing?

Alternative sources of financing

The entities in which we look for these financing solutions range from banks outside your pool, to alternative working capital financiers, debt funds, mixed equity and debt funds, asset based lenders or public financiers.

Private debt funds are an alternative to structural financing of companies but not to working capital financing; the duration of their financing ranges from 3 to 7 years with exit windows from the 2nd year and flexibility in the amortization date.

Credit analysis: An in-depth analysis based on business plans rather than closed financial statements.

Use of funds: Broader than banking. By way of example, but not limited to. They finance capex, growth plans, from new investments, growth in personnel, structural and occasional working capital needs. They finance the company's inorganic growth, purchase operations, and the substitution of more rigid debts in terms of terms, covenants and committed guarantees.

Tickets: With the entry of new funds, financing ranging from EUR 1 million to EUR 100 or 200 million with different drawdown structures is covered.

Funding strategies: The same fund may have different vehicles open for various needs with different investment strategies.

Guarantees: Corporate based on the company's accounts or by pledging shares, Real on real estate or assets, Personal of the partners in companies with few shareholders, Pledging of current accounts, stocks, assignment of collection rights, etc..

Cost: It is usually higher than bank financing and capital market financing.

Examples of Debt Fund financing structures:

Bullet Loans PIK Cash Loans Balloon Loans Participating Loans Grace period

These are a type of debt funds that normally take ownership of the asset, assigning the right to use it to the company.

Financing term: A medium/long term, from 2-3 years for more technological assets to very long term financing for real estate.

Types of assets: Some funds value productive assets (machines, production lines), others technological assets, others transport elements, real estate and even stocks or inventories. Some value identifiable assets, others that are mobile, but all take into account the current appraised value and the net book value, preferring assets that are not very old and therefore have a small NCV.
All funds finance the acquisition of new assets and most finance assets already owned by the company, with a certain age and NCV.

Accounting and tax treatment: the treatment is different depending on whether the assets are linked to the performance of a contract or whether they are inherent to the company's activity. In the first case, both the asset and the debt can be off the company's balance sheet, and in the second case, when the assets are linked to the company's main activity in a generic way, both the asset and the debt must be reflected in the balance sheet. Fiscally they usually allow an acceleration of the amortization plan of the asset according to tables and recover that investment in a faster way.

Examples of financing structures linked to the company's assets:

Leasing Renting Sale&Lease Back Industrial Loans with Pledge

They are set up as trading companies owned by private equity and financed by international banks or non-domestic debt funds that want to take risk from Spanish companies but do not want to deploy a very costly branch network. To take that risk, they choose a local financier to whom they provide funding and allow them to sanction within previously established investment parameters.

Financing term: ranging from one month or even less up to one year, sometimes up to 18 months.

Tickets: These are very broad but generally range from €500,000 or even less to maximum tickets per risk client of €3 to €5 million, sometimes reaching up to €15 or €20 million for a single client.

Guarantees: the most common is the assignment of customer collection rights. Sometimes they are supported by stock pledges, account pledges, personal guarantees, etc., but normally these guarantees are complementary.

Examples Alternative working capital financing products:

Factoring Discounting of promissory notes Confirming Short-term loans Drawdown lines

There are many public financiers which normally seek to fill the gap left by private financiers, whether bank or alternative, and which take into account other criteria different from credit criteria and seek to promote a geographic area, a certain sector or to maintain employment or generate value for society, sometimes increasing somewhat more the risk in granting these loans and subsidizing their cost in order to achieve this public service purpose.

They are lines of financing normally designed for SMEs, especially at regional and local level, and therefore their tickets are relatively small or around €1 M. This does not apply to state financiers such as ICO, COFIDES and SEPI, whose tickets can reach up to €20-30 M in extraordinary circumstances. This does not apply to state financers such as ICO, COFIDES and SEPI, whose tickets can reach up to €20-30M in extraordinary circumstances.

They are financings which should be taken into account as a complement for many companies, and sometimes as a floatation board for getting out of a compromised situation if there is that purpose or social benefit of the company, directly or indirectly.

State-level public funders: Spain Regional and local public funders

ICO COFIDES SEPIDES CDTI ENISA IGAPE IMFE AvalMadrid Sogarpo

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Your terms, your needs. We help you get the best financing.

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Financing destinations for companies

Liquidity to meet short-term payment commitments

Rapid search for solutions to cover debt maturities, suppliers, compliance with tax or Social Security obligations.

How to achieve short-term liquidity?

Prompt discounting of a promissory note

Prompt factoring of an invoice.

Promissory note discount line.

Factoring line.

Traditional confirming, post-financing and repurchase.

Private issuance of revolving promissory notes.factoring lines.

Financing for the fulfillment of medium-term commitments

Search for solutions to cover financing needs not covered by the current lines.

Search for "hedging" lines to reduce risk and time in the event of the unexpected departure of a financier.

How to achieve medium-term coverage?

Lines of credit or drawdown lines.

Amortizing, bullet or balloon and grace period loans.

Lines of technical guarantees for bidding and compliance.

Funds for organic growth

Growing companies that have their current needs covered but encounter problems in their banks to cover the growth in sales of the company, the increase in exposure to a certain customer or group of companies, the investment in capex or Opex or the financing of a new contract.

How to achieve organic growth?

Credit insurance lines for a specific debtor.

Factoring lines with and without recourse.

National and international confirming lines with possible post-financing.

Private issuance of revolving promissory notes.
Renting or leasing lines.

Technical guarantees for bidding and compliance

Foreign currency operations freeing up bank CIRBE and reducing days and costs

Companies that need to improve their international operations in many countries and secure their margins, reducing currency exchange costs, controlling prices of their supplies and reducing consumption of bank lines "Non-bank" currency hedging.

How to achieve organic growth?

International factoring in foreign currency.
International Confirming.
Exchange rate insurance for all currencies and terms.
Opening of accounts in other countries.
Advance payment of exports.
Import financing.
Advance of letters of credit.
Multi-currency lines of credit.

Bridge for inorganic growth

Companies that have an investment opportunity relevant to their activity: purchase of a company, purchase of UPA, factory, stocks, etc. and that cannot wait for their banks to carry out that opportunity, do not want to do it with banks through CIRBE and look for bridge financing to then efficiently structure that financing.

How to achieve inorganic growth?

Private issuance of promissory notes.
Lines of credit.
Bullet loans for less than one year.

Non-dilutive medium/long-term financing for acquisitions and/or business plans

A high-growth company that needs financing based on its business plans and not on an audited balance sheet from the previous year. Seek financiers that will accompany it in its growth and provide new funds based on the materialization of this growth.

Obtain medium/long-term financing?

Participating loans.
Additional working capital lines for greater needs.
Drawdown lines for authorized drawdown for specific purposes.
Loans with flexible repayment structures and terms up to 7 years.
Bullet loans, balloon loans, loans with grace period,...

Improved ratios (liquidity, indebtedness, etc.)

A company that needs to improve its ratios in order to improve its year-end picture or in view of an upcoming renewal of bank lines or a corporate negotiation.

How to achieve inorganic growth?
Own financing operations without recourse: Promissory notes, factoring.
Confirming or reverse factoring lines in alternative financing.
Search for direct alternative financing without CIRBE (improvement of the picture in terms of line consumption).

We help you to find a solution for each financing destination.

Among our contacts of more than 100 different financiers, we search, analyze and put you in contact with those who can help you solve your financing needs.

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We answer questions about financing

bank loans - direct lending - venture capital - entrepreneurial activity - traditional banks - types of financing - venture capital - equity investment

What is alternative financing?

Alternative financing is everything that is not bank financing and ranges from capital markets to public financing, including all types of private financiers that have been emerging and proliferating since the financial crisis of 2008 to fill the gap left by the banks, which drastically reduced the financing they were willing to lend to companies. Commenting on the different types of alternative financing entities, we will better understand the wide range of possibilities offered by this "new" financing, which is becoming more and more widespread and accepted by companies. Not taking into account this other form of financing is undoubtedly jeopardizing the continuity of many companies or their business plans.

Differences between Bank Financing and Alternative Financing

Bank financing is the most widespread and the best known by companies, being, in some of them, their only source of financing, which implies a liquidity risk for the company. It is cheaper than alternative financing and is essential for companies. Its price is usually linked to the contracting of other products such as insurance that increase its indirect cost. Its credit analysis is more restrictive and is based mainly on historical analysis and not on the business plan. It is a financing more sensitive to market, political and geographic uncertainties. It is a more classic type of financing and less imaginative in terms of terms, structures and guarantees.

What is leasing?

A lease is a financial leasing contract of a company's asset that allows the company to enjoy that asset in exchange for an installment without having to disburse the entire amount at the initial moment, as would be the case if it were purchased. It allows the company to take advantage of an accelerated amortization plan.