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Coral Capital Extends $8MM Factoring Facility to Lifestyle Digital Publisher

October 27, 2016, 07:36 AM
Filed Under: Publishing

Coral Capital Solutions, a leading provider of financing solutions for medium sized enterprises, announced it has extended an $8 million annual factoring facility with a fast growing lifestyle digital publisher that provides health, beauty, food, travel, fitness, and wellness brands with content marketing solutions. The company’s publications deliver dynamic content daily to a rapidly growing audience of over 20 million through the publisher’s content marketing platform. The digital publisher reached out to Coral Capital when they realized their potential for growth over the next couple of years and the need to secure an Accounts Receivable (AR) financing facility to support their increased business.
“This digital publisher combines top editorial talent with marketing to create engaging content in the rapidly expanding health, wellness and female lifestyle vertical. They are ready to take their exciting platform to broader audiences and expand brand reach. With the AR factoring facility from Coral Capital now in place, they are well positioned to execute their growth plan in 2017 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 will be instrumental in helping to support the future growth of the business.  The transaction was introduced by an ISO that partnered with Coral Capital to deliver better financing experience to their customers.
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.

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