Porter Capital has welcomed 80 new clients in May, extending over $5.8 Million in credit lines. Below is a highlight of the unique funding opportunities:

Provider of Hygienic Pumping Solutions | $1.5MM AR Credit Line | 2 weeks to fund

About

  • Company has been a leading provider of pumps for hygienic applications in the food & biopharma industries for over two decades.
  • Located in Atlanta, GA with, $6MM in revenue.
What we did that our competitors would not:

  • 100% concentrated to a single customer.
  • Porter advanced 90% on the total AR w/ no cap nor concentration limit within 2 weeks.
Problem solved:

  • Enabled the company to receive immediate funding rather than having to wait 35 days for their customers to pay.

Aluminum Extrusion Supplier | $300K AR Credit Line | 10 days to fund

About

  • Mexican Company with a US subsidiary, where the aluminum is manufactured in Mexico before sold to US buyers.
  • Located in Miami, FL, with a projected revenue of $21MM for 2021.
What we did that our competitors would not:

  • Porter was able to get comfortable on challenging debtor credit, a risk our competitors were not comfortable with.

Problem solved:

  • The company is now able to pay suppliers right away and take on larger orders.

Speciality Chemical Manufacturer | $1MM AR Credit Line | 5 days to fund

About