How it Works
Step 1: Initial Contact
Description: This is the first step in building a long-term relationship with Cortland.
What Happens: A Cortland representative will schedule a short 30-minute call to discuss your needs.
Get Ready: Latest presentation describing your business.
1 week
Step 2: Origination
Description: After a short conversation with our Originators, you will have a good idea of what financing products might be suitable for you. The next step is to collect more profound information about your business to present it to Cortland's Credit Committee and determine whether the deal opportunity can go to the next stage: term sheet.
What Happens: Potential client will need to provide Cortland with detailed company information. The list of required documentation will be individually issued to each potential borrower based on their corporate structure, credit needs and desired terms. Once received, the deal is presented to Credit Committee for approval.
Get Ready: Corporate structure and operating model documents, management team bios, financial information.
1 week
Step 3: Term Sheet
Description: Term Sheet is a one-page document that is issued once the deal is approved by Cortland Credit Committee. The items included in any team sheets are intended to act as a proxy for how deal is legally structured.
What Happens: Cortland will issue a term sheet and send it for a client review. Normally, there will be some terms that might need to be re-negotiated.
Get Ready: N/A
1 week
Step 4: Site Visits
Description: This is the last step before a thorough due diligence process starts.
What Happens: Once term sheet has been accepted and signed, Cortland will arrange meetings with the prospective borrower's management and would aim to arrange a prompt site visit to further complete the due diligence process.
Get Ready: N/A
1 day
Step 5: Due Diligence & Audit
Description: The due diligence process and audit procedures allow Cortland to verify the statements and representations made by the management as well as their internal process controls and reporting capabilities.
What Happens: Once term sheet has been accepted and signed, Cortland will arrange meetings with the prospective borrower's management and would aim to arrange a prompt site visit to further complete the due diligence process.
Get Ready: N/A