---
title: "iCoreConnect Secures $2.18M Revolving Loan Agreement"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/235687348.md"
description: "iCoreConnect, Inc. has secured a $2.18 million Revolving Loan Agreement with an institutional investor, allowing access to funds at an 18% annual interest rate, maturing in one year. The company plans to pursue a public offering of at least $5 million. However, Spark's analysis indicates that ICCT stock is underperforming due to high leverage, negative margins, and reliance on external funding, with technical indicators suggesting a bearish trend. The current market cap stands at $7.65 million, with a year-to-date price performance of 60.08%."
datetime: "2025-04-11T22:21:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/235687348.md)
  - [en](https://longbridge.com/en/news/235687348.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/235687348.md)
generator: "portal-rs"
---

# iCoreConnect Secures $2.18M Revolving Loan Agreement

iCoreConnect ( (ICCT) ) just unveiled an announcement.

On April 10, 2025, iCoreConnect, Inc. entered into a Revolving Loan Agreement with an institutional investor, allowing the company to draw up to $2,180,000 at its discretion. This agreement, which bears an 18% annual interest rate, is set to mature one year from the closing date. The company is also expected to pursue a public offering of at least $5,000,000. The agreement includes customary events of default and negative covenants, such as restrictions on repurchasing stock and incurring new debt beyond specified limits.

**Spark’s Take on ICCT Stock**

According to Spark, TipRanks’ AI Analyst, ICCT is a Underperform.

iCoreConnect’s overall stock score is impacted significantly by the negative financial performance, including high leverage, negative margins, and reliance on external funding. Technical indicators also suggest a bearish trend, further weighing down the score. Valuation metrics do not provide any relief, as the negative P/E ratio highlights ongoing losses. The lack of positive earnings call data or corporate events leaves no immediate prospects for improvement.

To see Spark’s full report on ICCT stock, click here. 

**More about iCoreConnect**

**YTD Price Performance:** 60.08%

**Average Trading Volume:** 16,343,701

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** $7.65M

Learn more about ICCT stock on TipRanks’ Stock Analysis page.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**