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Coral Capital Provides $42MM Factoring Facility to JNET

December 03, 2015, 07:22 AM
Filed Under: Telecom
Related: Middle Market

Coral Capital Solutions, a provider of financing solutions for the middle market, announced it is providing a $42 million factoring Facility to JNET Communications – a certified minority owned business that is a successful turnaround story. 

Coral Capital Solutions is providing JNET the funding to support the fast growth of the company’s two subsidiaries, Servicom, a comprehensive call center solution provider that truly puts the customer first and Vitel Communications LLC, which provides comprehensive connectivity solutions for homes and businesses, with one of the most professional teams of skilled network technicians in the cable business.

With JNET’s strong customer base, growing pipeline and management’s deep industry expertise, Coral Capital Solutions was able to establish its original factoring facility in the midst of the credit crisis and today, expand on that relationship, a real testament to a strong and growing partnership.

Coral Capital Solutions provides financing solutions to small and middle market companies in a wide variety of industries throughout the U.S. and Canada. It is a leading source of factoring, asset based lending, purchase order and trade finance products. Coral Capital Solutions is well capitalized, using its own equity to fund clients and therefore has the ability to consummate transactions quickly from commitment to funding.

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