Check out the details of our most recent funding for a foreign-owned, US subsidiary, technology staffing company:
The Referral Source
At Porter Capital, we have strong partnerships and referral sources that we have been doing business with for decades. Our long-standing relationships allow us to provide customized financial solutions that meet the unique needs of businesses across various industries. In this case, a broker and trusted advisor, who has worked with us for years, recognized that Porter Capital would be the perfect financial partner for their client.
The client, a growing Technology Staffing firm, needed a reliable funding solution to manage payroll and support its expanding workforce. As demand for IT professionals and specialized tech talent continues to rise, staffing firms in this sector require consistent cash flow to pay employees on time while waiting for client payments. Thanks to our strong referral network, Porter Capital was able to step in quickly, providing the flexible funding needed to help the firm scale and take advantage of new business opportunities.
The Company
A Technology Staffing company with strong resourcing capabilities and operations in the U.S., Canada, India, and Thailand, this firm plays a crucial role in providing skilled talent for some of the world’s most complex technology projects. With a global workforce of over 400 professionals, the company has the ability to quickly scale, adapting to the needs of enterprise clients engaged in cloud technology, data analytics, artificial intelligence, machine learning, and enterprise resource planning (ERP) initiatives.
With more than 45 locations worldwide, the company is well-equipped to staff multi-country, multi-technology projects for large enterprises, including airlines, retailers, pharmaceutical manufacturers, and global trade organizations. As businesses accelerate their digital transformation efforts, the demand for specialized IT talent continues to grow. However, managing payroll for a rapidly expanding workforce while waiting for client payments presented cash flow challenges.
To maintain seamless operations and meet increasing demand, the company needed a funding partner that could provide reliable working capital. Porter Capital stepped in with a tailored Technology Staffing funding solution, ensuring the firm had the financial flexibility to scale its workforce, take on larger projects, and continue delivering top-tier technology talent to clients worldwide.
The Financial Solution
The company is rapidly acquiring new clients and was seeking capital to allow for its expansion needs. Poter Capital moved quickly to establish a $2MM line to support its growth plans.
