Our Client | Industrial Staffing
The client is an established industrial staffing firm in Oklahoma with 20+ years of supporting power plants, paper mills, and similar facilities. Amid an ownership change and a surge in demand, they needed immediate access to working capital. Porter Capital was able to provide a $3.5M factoring for staffing facility that helped them significantly grow revenue in six months.
Read their story to learn how one referral turned into exponential revenue growth for a new client. Learn more about our referral partner program.
Challenges
The company faced financial and operational strain during an active ownership transition, requiring immediate liquidity to maintain stability. A surge in demand also created a working capital gap. The company needed rapid funding to cover payroll and support ongoing projects.
Solution | Factoring for Staffing
Porter Capital delivered a strategic financing solution designed to meet the contractor’s unique needs:
- $3.5 Million Factoring for Staffing: Provided immediate access to working capital, allowing the company to meet payroll demands and support new projects during a critical growth period.
- Streamlined Contracting: Given the complexity of the active ownership transition, the Porter team worked diligently with their legal partners to ensure both current and new owners were secure and confident in the financial agreement.
- Long-term Focus: Collaborated with the company’s leadership to implement a solution that aligned with both current needs and long-term objectives.
Outcome | Revenue Growth
The financing partnership with Porter Capital resulted in several positive outcomes:
- Stabilized Cash Flow: The $3.5 million factoring for staffing provided immediate liquidity, enabling the company to meet payroll obligations and support ongoing projects during a period of rapid growth.
- Significant Revenue Growth: The additional working capital allowed the company to take on more contracts and boosted the company’s revenue from $2 to 3 million annually to over $6 million within six months.
- Stronger Forecasting Capabilities: With improved cash flow predictability, the company could engage in more accurate financial planning and pursue strategic initiatives with greater confidence.
Why Clients Recommend Porter
Our clients across the U.S. send us referrals because they know we will work quickly to deliver tailored financing and provide exceptional customer service. Here are the top 3 reasons clients continuously recommend Porter:
- Speed and Reliability of Funding: Clients know Porter Capital delivers on what matters most, quick access to capital when it’s needed. With approvals in as little as 24 hours and funding that keeps businesses moving, clients trust Porter to come through when traditional financing falls short.
- Exceptional, Hands-On Customer Service: Clients value the personal, responsive support from dedicated account executives and collectors. Porter Capital builds long-term relationships, not just transactions.
- Flexible Solutions That Work When Banks Say No: Many referrals come from businesses that hit a wall with traditional financing. Clients refer others who are in similar situations, like rapid growth, seasonal cash flow gaps, or recent changes in ownership.
Porter Capital receives referrals from commercial banks, private equity firms, our great clients and many more. Learn more about our factoring partners and Partner with Porter.
