Porter Capital is an invoice factoring company that strives to help its clients with excellent customer service, fast and accurate underwriting, and easy funding. We have been around since 1991, and in nearly 30 years have provided hundreds of companies with factoring services that are flexible, fast, and friendly. Additional, we work with many different types of businesses and industries across the United States, ranging from small staffing companies to large manufacturers or suppliers. We strive to provide a service that can truly help protect the revenue streams that help your business grow, ensuring you have the working capital needed to complete projects, purchase new inventory, and rocket to levels of success you may have never imagined.

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What the Business Needed: Cash Flow
Thanks to some targeted marketing and advertising we were contacted by a company that was struggling to find the working capital it needed because of a slew of financial cash flow issues. As a supplier of fresh and frozen seafood in the Northeast United States, over the years, has undertaken multiple Merchant Cash Advances (MCAs) to help fund growth, totaling over $75,000 and putting a strain on the company finances because of the high-interest rates and fees associated with MCA loans.

How Porter Capital Helped with Cash Flow Issues

By leveraging our factoring service, the fresh and frozen seafood company accessed the funds they needed within 24 hours of invoice verification. Porter Capital provided upfront funding that freed them from burdensome MCA loans, giving them the ability to factor future accounts receivable. After joining forces with Porter Capital, the company paid off three separate merchant cash advances. Thus, this move significantly reduced their cost of working capital and injected $225,000 in cash into the business. Without our support, the company was close to bankruptcy—today, they rank among the top fresh and frozen seafood distributors in the country.

Focus on Customer Service

From the initial contact through the loan application, underwriting, and funding process, we delivered quick and seamless service to our client. Since working with Porter Capital for over two and a half years, they remain very satisfied with their results. In fact, they referred another company to join our growing family of business clients. Lastly, for the purposes of this tombstone they offered the quote below:
“We are delighted with the services Porter Capital has provided us, thank you!”

We Can Help Your Business’s Cash Flow with our Factoring Services

If you are looking for working capital loans or invoice factoring, putting you in a similar situation as our client in this story please visit our apply page or give us a call at 1-800-737-7344 we would love to discuss your problem and see if there is a financial solution Porter Capital could provide. Also if you are shopping factoring companies make sure to read our reviews so you can see how Porter Capital differentiates itself with great customer service and quick, easy funding. We strive to give our clients the best customer service experience possible from the moment we first make contact to the time the first deposit hits your business bank account; thank you for taking this journey with us, we are just getting started.

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