AThe Referral Source: Sub Debt lender reached out to Porter Capital to provide additional liquidity for their customer.
The Company:
Multi-faceted technology company offering network design and deployment. Their experienced engineers help build data centers, deploy SD-Wan, install intelligent Wifi, and many more services. The Company grew sales 50% YOY with topline revenue of $10MM and net losses of $4MM in 2019. Revenue projection for 2020 is on target to grow another 50% with a strong backlog.
$10MM In Revenue
50% YOY Growth
$1MM Line From Porter Capital
Financial Solution:
The company was seeking an additional financial partner that was more flexible on customer contact and credit line increases than the previous two factors. Porter Capital moved quick to establish a $1MM line to support the growth plans.
