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. The tech company turned to Porter Capital to provide additional liquidity to support growth.
$10MM In Revenue
50% YOY Growth
$1MM Line From Porter Capital
Financial Solution:
Provide Additional Liquidity
To support their expansion goals, the company needed a more adaptable financial partner—one that could offer greater flexibility in customer communication and responsiveness to credit line increases. Their previous two factoring providers had rigid structures that limited growth. Porter Capital stepped in and swiftly established a $1 million credit line, delivering the additional liquidity needed to fuel their strategic business development. With Porter’s flexible approach and quick turnaround, the company gained the financial confidence to pursue new opportunities and scale more efficiently.
