Medium-sized enterprise financing company Coral Capital Solutions has secured a $25 million senior credit facility from Wells Fargo Capital Finance. The funds will be devoted to further financing to companies across Canada and the United States.
Coral Capital provides factoring ranging between $500,000-$10 million by financing purchase orders and accounts receivable. They also assist with turnaround transitions.
“(Coral Capital) has an impressive business model, dedicated executive team and a longtime successful track record that underscores the confidence we have in Coral Capital Solutions’ ability to meet increased demand and capture new business opportunities,” Wells Fargo EVP Andrea Petro said.