Porter Capital has established itself as the leading financial services company in South Dakota. For years, we have provided funding solutions to businesses in the Constitution State, including numerous manufacturing, distribution, and machine repair companies.

Our flexible funding options allow businesses to focus on growth and development without worrying about cash flow issues. As the go-to choice for reliable and flexible financing options in South Dakota, our extensive client list includes businesses in Sioux Falls, Aberdeen, Brookings, and beyond. 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.

At Porter Capital, we offer tailored funding solutions to meet your specific needs, whether you require invoice factoring or flexible accounts receivable financing. We offer credit lines ranging from $25K to $25M, and our simple and straightforward application process makes it easy for businesses to access funding quickly.

Our team is always available to discuss funding options and can schedule a meeting with one of our representatives nationwide. At Porter Capital, we strive to exceed our clients’ expectations and look forward to adding your business to our growing client list in South Dakota. Partner with us to experience the benefits of working with a trusted and reliable financing partner.

Meet with a Team Member

Our Funding Solutions For South Dakota 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 South Dakota means that even businesses without glowing financials or perfect credit records can access a competitive solution.

Our business funding services in South Dakota 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 South Dakota 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 South Dakota, 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.

Industries we Support in South Dakota with Factoring Services

We understand how the challenges faced by businesses in South Dakota differ depending on their size, their financial position, and the industry in which they operate. That allows us to offer factoring services in South Dakota that are flexible, affordable, and meet the specific requirements of a broad range of businesses. That includes:

• Staffing Agencies: We provide flexible funding for South Dakota 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.

Porter Capital as Your Factoring Partner

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 South Dakota and across the US and we want you to be next.