Daily News: September 11, 2012

Porter Capital Closes Two Factoring Facilities

Porter Capital Corporation, a division of the Porter Capital Group specializing in A/R financing, closed two deals in July totaling $1 million. The deals include:

  • a $500,000 factoring facility for a software developer located in NY

  • a $500,000 factoring facility for an IT consulting company with locations in GA and TX

    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.