Coral Capital Solutions Extends $1.2 Million Factoring Facility to Fast Growing Food Distributor

New York, NY –October 15,  2019 - Coral Capital Solutions, a leading provider of financing solutions for businesses, today announced a $1.2 million annual factoring facility with a fast growing startup distributor of natural frozen hand-held pies. The Company originally started as a school project and quickly evolved into a business selling to the local communities and now to online shopping and distributors. With the business success, management quickly realized that they need to add liquidity to support the Company’s growth.

“The founder and the whole team are passionate about the business and bringing the delicious line of all-natural freezer-to-oven pocket pies to market. With the addition of Coral Capital’s AR factoring facility in place, we are well positioned to execute on the very demanding business plan in 2019 and beyond” said Peter Scherr, General Counsel and CFO of the Company.

“Coral Capital created a factoring facility that expands  with its client’s business growth to allow early stage ventures to launch their products. Securing working capital provides the Company an opportunity to capture a market share in the food and beverage busy industry. The transaction was introduced by an ISO that partnered with Coral Capital to deliver better financing experience to their customers” said Jim Bertie, Chief Operating Officer of Coral Capital Solutions.

About Coral Capital Solutions 

Coral Capital Solutions provides financing solutions to middle market companies in a wide variety of industries throughout the U.S. and Canada including technology, telecom, food & beverage, new media, manufacturing and other business service companies. It is a leading source of factoring, asset-based lending, purchase order and trade finance products. Coral Capital is well capitalized and has the ability to consummate transactions quickly from commitment to funding. To learn more please visit www.coralcapitalsolutions.com.