“Since the Recession, investors are more wary and more concerned with performing careful due diligence," said Corra Group Co-Founder, Gordon Basichis. "Simply put, investors want to know what they are getting themselves into.”
El Segundo, CA (PRWEB) March 31, 2013
Corra Group has expanded its due diligence services to startup companies, private equity and financial groups. As these companies have intensified their research on merger and acquisition prospects and startup businesses, the Los Angeles based service has sourced new national and global markets so that it can provide the necessary background checks to meet current and future researching capability.
“There is no denying the last several years have brought changes to the financial industry in general and to the startup initiatives, mergers and acquisitions, and the credit and lending sector, specifically,” said Gordon Basichis, Corra Group, Co-Founder. “Since the Recession, financiers are more wary of getting involved with businesses. Simply put, investors want to know what they are getting themselves into.”
Basichis pointed out that investors want to know more about the principals at the startups where they are considering investment opportunities. “They want to know about any criminal histories or any civil lawsuits that could red flag moving forward,” said Basichis. “They want to know if there are any embarrassing incidents that may adversely affect branding or the successful development of a company.
“In the case where lenders are considering issuing credit, the potential lender needs as much current information as possible,” Basichis added. “This includes any liens against the business, any UCC filings, and any fixture or collateral issues. Too often, we have been told, lenders will close the deal with borrowers unaware of vital information that only becomes apparent after is closed. So now you, the lenders are stuck.
Corra Group has been offering business credit reports for millions of companies based in the United States and around the world. As part of its business research program, the background checking service can conduct federal and civil records searches, as well as extended year county criminal records searches and county civil records searches for as many years as the court will allow. Corra Group can retrieve file copies on the county criminal and county civil records so that the lender or private equity group, before moving forward, may review the case files for better insight in the particulars.
“As our clients have requested, Corra Group can retrieve UCC filings, tax liens, fixture and judgment searches from every state in the nation,” said Basichis. “We can provide copies of these records. Additionally, we are expanding our research internationally and can now provide financial records for both principals and business from a number of countries.
“And then, of course, after a private equity group gets involved with an M&A or a startup company, Corra Group can provide the necessary employment screening for new hires,” Basichis said. “We are rapidly becoming a one stop service.”
BACKGROUND: Corra Group specializes in pre-employment and corporate research and investigation. It is a full service company that offers the full range of background checks and business research to industries throughout the United States and around the world. For more information check out its website at http://www.corragroup.com