1. New York, NY, January 2015 – Coral Capital Solutions, a leading provider of financing
solutions to small and middle market businesses, today announced they provided a $9
million factoring facility to a provider of contact center and business process outsourcing
services based in the U.S., and with operations in the Philippines for working capital
needs and to support expansion.
The management team has extensive industry experience, and grew operations from a
complete start up to several million in revenues before reaching out to Coral Capital.
The Company provides inbound and outbound services to catalog retailers, technology
companies, utility sector, and financial services industry businesses. Other services
include lead generation, technical support, email, cross-sell campaigns, web chat, as
well as support services for customer service and customer retention. Because the
company utilizes a combination of highly qualified U.S. and Off-Shore personnel, it is
able to yield excellent results at affordable pricing to its customers and has enjoyed
robust growth.
The Company reached out to Ronnie Sussman, Business Development Officer at Coral
Capital, when management realized the potential for growth over next 2 years, and the
need to secure financing to support the business. The Company chose to utilize a
factoring facility with Coral Capital based on Coral’s automation of the verification
process, and ability to quickly process a very large number of small invoices. Having the
working capital availability, the Company has already started to increase staffing in its
overseas facility and projects more than doubling its call center seats in the year ahead.
ABOUT CORAL CAPITAL SOLUTIONS 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.