Daily News: July 17, 2013

Porter Closes More Than $2MM in Factoring Facilities in June


Porter Billing Services and Porter Capital Corporation closed 15 deals in June totaling $2.265 million. The transactions consisted of:

  • $15,000 non-recourse factoring facility for a transportation company located in Statesville, NC;
  • $15,000 non-recourse factoring facility for a transportation company located in Longwood, NC;
  • $20,000 non-recourse factoring facility for a transportation company located in Mulberry, AR;
  • $25,000 non-recourse factoring facility for a transportation company located in Atlanta, GA;
  • $25,000 recourse factoring facility for a transportation company located in Athens, GA;
  • $25,000 non-recourse factoring facility for a transportation company located in London, KY;
  • $25,000 non-recourse factoring facility for a transportation company located in Huntsville, AL;
  • $25,000 non-recourse factoring facility for a transportation company located in Wilmer, AR;
  • $45,000 non-recourse factoring facility for a transportation company located in Lehigh Acres, FL;
  • $45,000 recourse factoring facility for a transportation company located in Pearland, TX;
  • $65,000 non-recourse factoring facility for a transportation company located in Stockbridge, GA;
  • $135,000 non-recourse factoring facility for a transportation company located in Ball Ground, GA;
  • $300,000 recourse factoring facility for an industrial equipment repair company located in Sumiton, AL;
  • $500,000 recourse factoring facility for a transportation company located in Rancho Cucamonga, CA; and
  • $1 million recourse factoring facility for a transportation company located in Mill Spring, NC.