Industry: Custom Computing Infrastructure
About Company: The California-based company is a leading provider of custom computing infrastructure platforms including storage, network servers, OEM/ODM appliances and embed systems.
Problem: The business has a full spectrum of customers from startups to fortune 500 companies. But, it was struggling to manage cash flow. Without cash flow, it was difficult for the company to meet the increased demand for its products and services. The Infrastructure Provider knew it had the potential to capture significant market share if it could secure the right financing partner.
Our Solution: Coral Capital Solutions team understood the financing requirements and financed $24 million through accounts receivable loans. The factoring facility was designed to help the company grow and capture significant market share. It also provided flexibility with a high level of personal service leading to a customized financing solution.
Result: With the right financing partner, the company was poised for expansion. The receivable loans enabled them to execute a growth plan. The improved cash flow helped them order sufficient quantities of components to fulfill customer orders and build customized platforms.