Daily News: February 27, 2012

Porter Capital Provides Over $9 Million in Financings in January


Porter Capital Corporation closed January 2012 with over $9 million in funding.

The factoring lines totaling $9.1 million are:

  • a $50,000 A/R facility to a temporary staffing company located in Methien, MA;

  • a $75,000 A/R facility to a temporary staffing company in Jersey City, NJ;

  • a $150,000 A/R facility to temporary staffing company in Atlanta, GA;

  • a $175,000 A/R facility to a temporary staffing company in Mahwah, NJ;

  • a $200,000 A/R facility to a temporary staffing company in Fort Lee, NJ;

  • a $200,000 A/R facility for a vocational training and staffing company located in New Orleans, LA;

  • a $500,000 A/R facility for a temporary staffing company in Paramus, NJ;

  • a $750,000 A/R facility for a distributor of kosher foods and sundries located in Los Angeles, CA;

  • a $1 million A/R facility for a commercial packaging products manufacturer and distributor in Fullerton, CA

  • a $6 million A/R facility for a legal services provider in Los Angeles, CA.

    Porter Capital Corporation, founded in 1991, is part of The Porter Capital Group, headquartered in Birmingham, AL. The other companies included in the Porter Capital Group are Porter Billing Services, Porter Bridge Loan Company and CapitalPartners Leasing.