Client: Manufacturer and Distributor of Spirits
Financial Solution: Loan against accounts receivable
Situation: This California company specializes in importing tequila, rum and whiskey product to distributors in the U.S. and worldwide. The company had an opportunity to quickly grow their business by leveraging the company’s principal’s relationships in the food and beverage industry, but the expansion required both purchase order and receivable financing. Through an introduction by a boutique investment banking firm the business turned to Coral Capital Solutions to provide the financing solution to meet immediate demand.
The Deal: Coral Capital supported the company’s growth with the loan against accounts receivable and PO financing. Coral Capital was able to provide payment assurance to suppliers through LCs to facilitate increased production at overseas factories in order to meet demand for its new product launch.
The Result: The Company was able to take advantage of multiple growth opportunities simultaneously, and has been able to launch several new product lines.
Read Next – How Accounts Receivables Financing aids Cash Flow at Wellness Company
