Summary | Working with Challenging Credit
Porter Capital continues to deliver fast, flexible funding solutions to businesses across industries—even those with challenging credit. There are many causes of bad credit and typically traditional loans are not an option for recovery. From a $50K line for an Oklahoma mud logging company to a $750K facility for a food packaging supplier, Porter’s team has provided tailored accounts receivable financing to help clients meet payroll, hire staff, and manage growth.
Mud Logging Company | $50K AR Credit Line | Challenging Credit
Located in Oklahoma City, OK, with $300K in revenue, the company was looking for a way to add additional employees and take on more work. Comfortable with challenging credit, our team funded the client a $50K AR Line of Credit in only 3 days, providing the owner with the cash flow needed to grow and expand the business.
Service Company | $8MM AR Credit Line |Late Paying Customers
With $40MM in revenue, the company required a cash flow solution due to a string of late-paying customers left by the pandemic. After connecting to the Porter Capital team via an investment banker, an $8MM credit line secured by Accounts Receivable was extended, allowing for an increase in cash flow without restrictive financial covenants.
Healthcare Staffing Company | $50K AR Credit Line | Funding for Payroll
Referred by another one of our clients in the healthcare staffing industry, this Minnesota-based company was doing $300K in revenue and needed additional funds to meet payroll promptly. The Porter team moved quickly to fund the client a $50K AR Line of Credit within 1 day of receiving completed documents.
Start-up Nurse Staffing Company | $25K AR Credit Line | Meet Payroll Demands
Operating as a start-up, this Minnesota-based Nurse Staffing Company was looking to take on more work while also keeping up with current payroll demands. Our team funded the client a $25K AR Line of Credit in only 2 days, leaving the owners confident in their future endeavors.
Food Packaging Supplier | $750K Credit Line | Keep up with Orders
After landing a contract with a large customer operating on 90-day payment terms, this successful Texas-based Food Packaging Supplier was looking for a financial solution to meet the needs of this new type of customer. Doing $12MM in revenue, the supplier turned to Porter for the financial flexibility needed to keep up with future orders. Within 11 days, Porter funded the supplier a $750K credit line.
Temporary Staffing Company | $200K A/R Financing Line | Funding for Growth
Florida-based staffing company providing day labor & temporary/permanent solutions. After 2 years of business, the company started to experience growth, causing a gap in cash flow. Referred to Porter Capital through a broker contact, our team extended a $200K A/R financing line to help smooth out cash flow so the owners can focus on growing the business. The staffing company is now on track to generate $2.4MM in revenue this year.
Industrial Maintenance Staffing Company | $150K Credit Line with no concentration cap | Handle Extended Credit Terms
Founded on staffing electricians in Texas, this $2MM company has streamlined the process to provide clients with the right people for the job in various trades. After taking on a new client with extended credit terms, the company experienced a gap in cash flow. Porter bridged the gap via a $150K credit line with no concentration cap.
