Daily News: May 7, 2013

Porter Capital Closes $6.08MM in Factoring Facilities


Porter Billing Services and Porter Capital Corporation, both divisions of The Porter Capital Group specializing in A/R financing, closed the following deals in April totaling more than $6 million. The transactions consisted of:

  • a $25,000 non-recourse factoring facility for a transportation company located in NY;

  • a $25,000 non-recourse factoring facility for a transportation company located in AL;

  • a $45,000 non-recourse factoring facility for a transportation company located in MS;

  • a $75,000 factoring facility for a transportation company located in WI;

  • a $100,000 factoring facility for a transportation company located in AR;

  • a $125,000 factoring facility for a transportation company located in MS;

  • a $135,000 non-recourse factoring facility for a transportation company located in GA;

  • a $150,000 factoring facility for a transportation company located in ME;

  • a $400,000 factoring facility for a restaurant rehab and retrofit company located in GA; and

  • a $5 million account receivable financing facility for an IT staffing and consulting firm located in GA.

    Birmingham, AL-based 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.