Oxford Finance Corporation provides debt financing to emerging life sciences companies worldwide. The company is often characterized as a "venture lender" due to its close collaboration with the venture capital community. Unlike most venture lenders that provide financing for both technology and life sciences companies, Oxford focuses exclusively on life sciences. Client specialties include pharmaceuticals, enabling technologies and tools, genomics and proteomics, medical devices and agricultural biotechnology. Oxford Finance Corporation is a wholly owned subsidiary of the Sumitomo Corporation of America and is headquartered in the historic Bank of Alexandria (Alexandria, Virginia) building located in Alexandria, Virginia.
Oxford Finance Corporation offers three principal loan products to its life science customers: equipment loans that are secured by a lien on specific equipment and other assets; "all-asset" loans that provide unrestricted growth capital secured by a blanket lien on all of the assets of the borrower; and revolving credit facilities (ABL's) secured by inventory and accounts receivable. Repayment tenors are typically in the three to four year range for growth capital and equipment loans. Oxford usually requires an "equity kicker" from borrowers in the form of warrants for common or preferred stock.
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