AThe Referral Source: Sub Debt lender reached out to Porter Capital to provide additional liquidity for their customer.
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 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.