Daily News: October 27, 2016

Coral Capital Provides $8MM Factoring Facility to Digital Publisher

Coral Capital Solutions provided an $8 million annual factoring facility to a lifestyle digital publisher that provides health, beauty, food, travel, fitness and wellness brands with content marketing.

The company reached out to Coral Capital when it needed an accounts receivable financing facility to support anticipated increased growth.

“This digital publisher combines top editorial talent with marketing to create engaging content in the rapidly expanding health, wellness and female lifestyle vertical,” said Jim Bertie, chief operating officer of Coral Capital Solutions. “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.”

Coral Capital Solutions provides factoring, asset-based lending, purchase order and trade finance products to middle market companies.