Maryland Factoring Company
We’ve had the blue crabs from the Chesapeake Bay and visited Baltimore several times. Porter Capital has multiple clients in Maryland, from lumpers to home healthcare companies and even a trucking parts supplier, our clients across the state all receive flexible funding and impeccable customer service. As the birthplace of the National Anthem, Maryland holds a special place in American history and our hearts. We make every effort to visit as often as possible and look forward to welcoming new clients from this historic trading port.
Moreover, our Business Development Team frequently hosts networking events in the area to help businesses connect and learn more about our services. Our team members have years of experience in financial services; so, at all of our events, you’ll have the opportunity to meet with an expert.
There are several businesses that don’t meet traditional lending criteria and that’s where Porter Capital steps in to provide alternative financing solutions. Our credit lines range from $25K to $25M and are designed to cater to your specific funding requirements, whether you need invoice factoring or flexible accounts receivable financing. Our application process is simple, straightforward, and hassle-free, ensuring quick access to the funding you need.
At Porter Capital, we strive to exceed our clients’ expectations by providing exceptional customer service and innovative financing solutions. Join our growing client list in Maryland and experience the difference that Porter Capital can make for your business
Our Funding Solutions For Maryland Companies
It used to be the case that businesses that did not qualify for bank loans struggled to find affordable funding. Now, our flexible range of invoice factoring services in Maryland means that even businesses without glowing financials or perfect credit records can access a competitive solution.
Our business funding services in Maryland include:
- Invoice Factoring: Receive up to 90% of the value of the invoices you issue to your customers upfront. Rather than waiting for 30, 60, 90, or even 120 days for a customer to make a payment, you can unlock the cash tied up in your invoices within just 24 hours.
- Accounts Receivable Financing: Although very similar to invoice factoring, our accounts receivable financing in Maryland is more like a traditional loan, where a company will submit all of its accounts receivable (invoices) for funding to serve as collateral. That makes it cheaper than invoice factoring but less flexible, as you cannot pick and choose the invoices that you want to raise funding against.
- Supply Chain Financing: Also known as supplier finance or reverse factoring, supply chain financing allows the suppliers of goods and materials to stabilize their cash flow by receiving the entire value of an invoice upfront, minus a small fee. When the payment of the invoice is due, the buyer will send payment directly to the lender. This form of funding is suitable for smaller suppliers that sell to large companies with excellent credit ratings.
- Asset-Based Lending: As one of the top asset-based lenders in Maryland, we can provide a line of credit that’s secured against business assets such as inventory, accounts receivable and equipment and can give you access to the funding you need as an asset-rich company.
Top Industries That Thrive with Invoice Factoring
We understand how the challenges faced by businesses in Maryland differ depending on their size, their financial position, and the industry in which they operate. That allows us to offer factoring services in Maryland that are flexible, affordable, and meet the specific requirements of a broad range of businesses. That includes:
- Staffing Agencies: We provide flexible funding for Maryland staffing agencies to make sure your workforce gets paid on time without leading to a cash flow shortfall.
- Oil and Gas Services: With long payment terms commonplace in the oil and gas industry, we provide factoring and asset-based lending solutions to maintain your liquidity.
- Manufacturers: Keep your production lines running at full speed with reliable and flexible funding that’s available in just 24 hours.
- Distributors: Capitalize on opportunities when they come along with scalable factoring facilities that allow you to access more funds as your distribution company grows.
- Industrial and Business Services: Maintain key vendor relationships and deliver services of the highest level with accounts receivable financing, inventory financing, and factoring.
- Transportation and Trucking Companies: Our specialist transportation division provides a range of finance solutions to drive your freight business forward. Maintain your vehicles and pay drivers instantly with our quick cash flow solutions.
Why Porter Capital Stands Out
We know that external finance is a cost to your business, but it’s also a huge opportunity. By giving you access to flexible funding that meets your particular needs, we help you unlock the growth potential in your business. In 2020 alone, we funded more than 350 businesses in Maryland and across the US and we want you to be next.
Get Factoring for Your Maryland-Based Company
Our factoring services can be an unmeasurable asset to your business. Skip the months-long waiting game for your outstanding invoices and get a reliable cash advance from Porter Capital! Our team offers funding solutions to support your business’s short- and long-term goals. With factored invoices, watch your business grow into a fierce competitor in your industry.
Discover how invoice financing can change your Maryland-based company when you speak with one of our experts today! Ready to get started? Apply for our services online!