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

Provider of Hygienic Pumping Solutions | $1.5MM AR Credit Line | Deal funded in 2 weeks

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 | Deal funded in 10 days

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 | Deal funded in 5 days

About

• A specialty chemical manufacturer located in Pennsylvania and doing $9MM in revenue.

What we did that our competitors would not:

• After competing against several other lenders, Porter offered the most attractive proposal to win the deal.

Problem solved:

• The company now has access to over $750K in accounts receivable and can meet its growth potential.

Electronic Parts Supplier | $400K AR Credit Line |  Deal funded in 5 days

About

• An aftermarket electronic parts supplier located in Tustin, California, and doing $2MM in revenue.

What we did that our competitors would not:

• Porter’s “top-notch customer service” led this company to leave another factor.

• The client left the other factor due to poor customer service and an outdated/complicated process.

Problem solved:

• Porter was able to provide the client with an updated and simplistic process and quality service.

Transportation Trucking Company | $90K Recourse Factoring Line of Credit – Deal funded in 3 days

About

• A trucking company operating out of Georgia needed a cash flow solution to meet expenses.

What we did that our competitors would not:

• After being referred by a current client of Porter’s, this trucking company chose to switch factors.

Problem solved:

• Porter was able to provide the client with the cash flow needed to get to the next load within only 3 days.

75 Transportation & Trucking Companies | $20K – $120K Factoring Lines of Credit