Daily News: February 13, 2013

Porter Capital Closes Eight Factoring Deals in January


Porter Billing Services and Porter Capital Corporation, both divisions of The Porter Capital Group specializing in A/R financing, announced the closing of eight transactions in January for a combined total of $705,000:

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

  • $30,000 non-recourse factoring facility for a transportation company located in Houston, TX

  • $50,000 non-recourse factoring facility for a transportation company located in Miami, FL

  • $75,000 non-recourse factoring facility for a transportation company located in Douglas, GA

  • $75,000 factoring facility for a transportation company located in West Hempstead, NY

  • $100,000 non-recourse factoring facility for a transportation company located in Jackson, MS

  • $100,000 factoring facility for a distributor of building hardware and tools located in Hewlett, NY

  • $250,000 factoring facility for a transportation company located in Brent, AL