Daily News: May 10, 2012

The Porter Capital Group Closes $1.3 Million in Deals in April


The Porter Capital Group announced that it completed six transactions totaling approximately $1.3 million in April 2012.

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

  • a $75,000 factoring facility to a transportation company in Chicago, IL

  • a $85,000 factoring facility to a transportation company located in Fort Lauderdale, FL

  • a $75,000 factoring facility to another transportation company located in Chicago

    The Porter Capital Corporation division funding the following deals:

  • a $150,000 factoring facility for a distributor of industrial insulation products in New Orleans, LA

  • a $400,000 factoring facility for a health care staffing company in Glendale, CA

  • a $500,000 factoring facility for an oil and gas field services company located on Benton, MS

    Founded in 1991 and headquartered in Birmingham, AL, 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.