Check out the details of our most recent funding for a Florida based Tile Manufacturer and Importer:
The Referral Source
At Porter Capital, we have strong partnerships and referral sources that we have been doing business with for decades. A broker and trusted advisor knew Porter Capital would be a good fit for this tile manufacturer funding and recommended us as a factoring company.
The Company
Our new client is a tile manufacturer and importer of premium-grade stone and porcelain tiles and pavers for indoor and outdoor use. With consumers spending more time at home, residential improvement projects have seen a steady increase. The commercial real estate market is also improving, and projects that were previously on hold are moving forward. Given this surge in demand, tile and marble stores in the U.S. are expected to grow steadily over the next five years as the economy recovers.
To keep up with rising orders and ensure a smooth supply chain, the company needed reliable working capital. As demand for high-quality stone and porcelain tiles continued to grow, maintaining sufficient inventory levels and meeting large-scale orders became critical to their success. Without the right financial support, delays in material procurement and production could have impacted their ability to serve both residential and commercial clients effectively.
Porter Capital provided a tailored Tile Manufacturer Funding solution, offering the flexibility needed to manage cash flow, purchase raw materials, and sustain operations without financial constraints. This funding enabled the company to take on larger contracts, expand its market reach, and confidently invest in future growth. With a steady financial foundation, they are now well-positioned to meet increasing industry demand and capitalize on new opportunities in the recovering economy.
The Financial Solution
This manufacturer was having issues with an overseas supplier that was no longer willing to offer net 90 payment terms. This created a cash flow issue for our client, who needed to accommodate shortened invoice payment terms and also continue to meet heightened demand. Porter Capital moved quickly to establish a $2MM line of credit, giving the manufacturer the ability to pay the supplier early. Porter Capital understands the financial issues encountered by many businesses in the manufacturing industry and is here to help with flexible financial solutions.
