Daily News: November 7, 2012

Porter Capital Closes $2 Million in Deals in October


Porter Capital Corporation, a division of the Porter Capital Group specializing in A/R financing, closed over $2 million in deals in October. The deals include:

  • $50,000 accounts receivable factoring facility for a telecom marketing company located in Philadelphia, PA

  • $100,000 accounts receivable factoring facility for a medical device distributor in Albuquerque, NM

  • $250,000 accounts receivable factoring facility for an environmental maintenance company in Vancouver, WA

  • $250,000 accounts receivable factoring facility for a spring water distribution and marketing company with locations in Georgia and Mississippi

  • $500,000 accounts receivable factoring facility for an environmental remediation and bio-hazard removal company in Wheat Ridge, CO

  • $500,000 accounts receivable factoring facility for a mineral water distribution company in Foothill Ranch, CA

  • $1 million accounts receivable factoring facility for a manufacturer and distributor of organic compost located in Hooper, CA

    Founded in 1991 and headquartered in Birmingham, AL, The Porter Capital Group includes in Porter Capital Corporation, Porter Billing Services and Porter Bridge Loan Company. The Porter Capital Group specializes in customized funding packages for small- and medium-sized businesses throughout the U.S.