Daily News: April 9, 2012

Porter Capital Group Closes Over $3 Million in Deals in March


The Porter Capital Group announced that Porter Billing Services and Porter Capital closed eight transactions in March.

Porter Billing Services, specializing in transportation funding, closed the following deals:

  • a $25,000 factoring facility to a transportation company in Franklin, TN;

  • a $100,000 factoring facility to a transportation company located in Canton, GA;

  • a $450,000 factoring facility to a transportation company located in Lawrenceville, GA

  • a $500,000 factoring facility to a logistics company in Franklin, TN.

    The Porter Capital Corporation division funding the following deals:

  • a $225,000 factoring facility for a security services company in Miami, FL;

  • a $250,000 factoring facility for a company providing aviation services to the oil and gas industry with operations in Texas and North Dakota;

  • a $300,000 factoring facility for a construction services company in Ashland, KY

  • a $500,000 factoring facility for a distributor of grass-fed beef products in Sedan, KS.

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