Coral Capital Solutions Extends $7.5 Million Factoring Facility to Provider of Therapeutic Services

Coral Capital Solutions, a leading provider of financing solutions for medium sized enterprises, today announced a $7.5 million annual factoring facility with a profitable, fast growing provider of rehabilitative, educational and therapeutic services to children. The Company provides licensed, certified, and qualified education and related service professionals on a contract basis to various school districts throughout New York. Management reached out to Coral Capital to facilitate an acquisition of a competitor with larger operations.  Taking over the business of the target company required the Company to add working capital to the business.

The Company is currently serving the educational needs of thousands of children/students throughout New York’s Hudson Valley region. With the completion of its recent acquisition and Coral Capital’s AR factoring facility now in place, the Company is well positioned to fulfill its growth plan in 2019 and beyond,” said Jim Bertie, Chief Operating Officer of Coral Capital Solutions.”

Coral Capital’s automation of the AR verification process and ability to quickly process funding is instrumental in helping to support the future growth of the business. 

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.