Coral Capital Solutions Expands in the Midwest

Coral Capital Solutions, which provides AR financing, among other financing solutions to small and mid-sized businesses, announced today that it is expanding its business in the Midwest. In this effort, the New York-based company has hired Bob Hinson as Regional Sales Manager, VP. Hinson will be based in Chicago and will be tasked with building Coral Capital’s relationship with community and regional banks, as well as lenders, workout groups, accountants, attorneys, financial advisors and other referral sources, the company indicated.

“Bob has a long and distinguished career within the factoring community,” said Jim Bertie, Chief Operating Officer of Coral Capital Solutions. “His expansive knowledge and management background will add considerable bench strength to our expanding Midwest client base, helping to educate and support businesses about the tremendous benefits in alternative funding,” he said.

Bertie told deBanked that the company doesn’t have a very large presence in the Midwest and that hiring Hinson is an effort to build business in that part of the country.

Prior to joining Coral Capita Solutions, which was founded in 2008, Hinson held senior level positions at factoring and asset based lending companies. Most recently, he worked as Vice President and Regional Sales Manager at Bay View Funding, a Chicago-based factoring company.

Todd Stone was a reporter for deBanked.