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FAQ
Does Cora’s provide Financial Assistance?
Cora’s does not provide financial assistance, but will provide assistance with the preparation of a business presentation and will work with your financial institution to provide any information they require to complete your loan application.
What do you mean by unencumbered cash?
Unencumbered cash (either personal or combined through partnerships) is cash on hand, in a savings account, chequing account or GIC account, otherwise known as “liquid capital”. Home equity and RRSPs are not usually considered unencumbered, except in certain circumstances. Your assets must be in Canada and you must be able to provide appropriate documentation to substantiate all assets.
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