Coral Capital Solutions provided a $7.5 million annual factoring facility to a therapeutic services provider.
The company provides licensed, certified, and qualified education and related service professionals on a contract basis to school districts throughout New York. Management reached out to Coral Capital to facilitate an acquisition of a competitor with larger operations. The company required additional working capital to take over the business.
“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