Coral Capital Solutions announced it provided a $2.4 million factoring facility for the acquisition of a direct mail and fulfillment business in the Northeast.

The buyers identified the potential for significant growth in this women-owned business and an opportunity to merge data services like ecommerce/web development, and Web-To-Print POD, and Digital Asset Fulfillment with its current business in order to create a significant player in the data/mailer market. The buyers required a quick turnaround of the financing transaction and accommodation regarding high customer concentration, high volume of postage transactions, and high volatility in the receivables financing.

“Coral Capital was able to expedite its underwriting and documentation process  to be ready with its financing when the buyers closed their acquisition, said  Ronnie Sussman, Business Development Officer at Coral Capital, “We are happy to support our clients, keep business operations running, local community employees in place, and develop a strong relationship with key Fortune 500 customers.”

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.