Oxford Finance Corporation provides debt financing to emerging life sciences

Life sciences

The life sciences comprise the fields of science that involve the scientific study of living organisms, like plants, animals, and human beings. While biology remains the centerpiece of the life sciences, technological advances in molecular biology and biotechnology have led to a burgeoning of...

 companies worldwide. The company is often characterized as a "venture lender" due to its close collaboration with the venture capital

Venture capital

Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...

 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

Genomics

Genomics is a discipline in genetics concerning the study of the genomes of organisms. The field includes intensive efforts to determine the entire DNA sequence of organisms and fine-scale genetic mapping efforts. The field also includes studies of intragenomic phenomena such as heterosis,...

 and proteomics

Proteomics

Proteomics is the large-scale study of proteins, particularly their structures and functions. Proteins are vital parts of living organisms, as they are the main components of the physiological metabolic pathways of cells. The term "proteomics" was first coined in 1997 to make an analogy with...

, medical devices and agricultural biotechnology

Biotechnology

Biotechnology is a field of applied biology that involves the use of living organisms and bioprocesses in engineering, technology, medicine and other fields requiring bioproducts. Biotechnology also utilizes these products for manufacturing purpose...

. 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)

Bank of Alexandria (Alexandria, Virginia)

The Bank of Alexandria in Alexandria, Virginia is a building built in 1807. It was listed on the U.S. National Register of Historic Places in 1973.It may be included in the Alexandria Historic District.-External links:...

 building located in Alexandria, Virginia

Alexandria, Virginia

Alexandria is an independent city in the Commonwealth of Virginia. As of 2009, the city had a total population of 139,966. Located along the Western bank of the Potomac River, Alexandria is approximately six miles south of downtown Washington, D.C.Like the rest of northern Virginia, as well as...

.

Oxford Finance Corporation offers three principal loan

Loan

A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower....

 products to its life science customers: equipment loans that are secured by a lien

Lien

In law, a lien is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation...

 on specific equipment and other assets; "all-asset" loans that provide unrestricted growth capital

Growth capital

Growth capital is a type of private equity investment, most often a minority investment, in relatively mature companies that are looking for capital to expand or restructure operations, enter new markets or finance a significant acquisition without a change of control of the business.Companies...

 secured by a blanket lien on all of the assets of the borrower; and revolving credit

Revolving credit

Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Examples of revolving credits used by consumers include credit cards. Corporate revolving credit facilities are typically used to provide liquidity for a company's day-to-day...

 facilities (ABL's) secured by inventory

Inventory

Inventory means a list compiled for some formal purpose, such as the details of an estate going to probate, or the contents of a house let furnished. This remains the prime meaning in British English...

 and accounts receivable

Accounts receivable

Accounts receivable also known as Debtors, is money owed to a business by its clients and shown on its Balance Sheet as an asset...

. 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

Warrant (finance)

In finance, a warrant is a security that entitles the holder to buy the underlying stock of the issuing company at a fixed exercise price until the expiry date....

 for common or preferred stock

Preferred stock

Preferred stock, also called preferred shares, preference shares, or simply preferreds, is a special equity security that has properties of both an equity and a debt instrument and is generally considered a hybrid instrument...

.

The President and Chief Executive Officer

Chief executive officer

A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...

 of Oxford Finance Corporation is J. Alden Philbrick IV.

External links

• http://www.oxfordfinance.com
• http://www.sumitomocorp.com/
• http://www.sumitomocorp.com/news/archives/oxford_finance.html
• http://www.sumitomocorp.co.jp/english/index.htm