BIRMINGHAM, Ala., Feb. 27, 2025 -- Porter Capital is pleased to announce the closing of a $20 million factoring facility for a Dallas, TX based manufacturing company. The company has a 75-year history of producing battery chargers, jump starters, and power inverters for the automotive and industrial markets. This financing solution provides predictable cash flow, allowing the company to continue its growth and scale operations efficiently.
This opportunity came through a referral from a private investment firm, underscoring Porter Capital's strong reputation within the financial community. The client sought a factoring solution to optimize cash flow management and improve forecasting capabilities during a period of rapid expansion. The $20 million line of credit gives the company the financial flexibility needed to pursue new opportunities and expand in a competitive market.
A key part of the transaction involved a detailed review of the client's existing loan agreements and bank covenants. Porter Capital routinely analyzes these agreements to identify opportunities where factoring can complement existing lines of credit without breaching covenant terms. In this case, Porter Capital negotiated a legal structure that worked alongside the company's existing lender, enabling a seamless carve-out of accounts receivable. This collaborative approach demonstrates Porter Capital's expertise in navigating complex financial structures and delivering practical funding solutions.
Bjorn Peterson, Business Development Officer at Porter Capital, stated: "Both Porter Capital and the client view this deal as a long-term partnership. We are confident that this financing solution will support growth goals for years to come."
John Cox Miller, Senior Vice President and National Sales Manager at Porter Capital, added: "At Porter Capital, we are committed to strengthening our network by building meaningful partnerships within the financial and business communities. We are dedicated to serving our direct business and also collaborate closely with private equity firms, investment bankers, and family offices to provide customized financial solutions tailored to the unique needs of their portfolio companies."
This transaction not only strengthens Porter Capital's relationship with the referring investment firm but also lays the groundwork for expedited funding of future opportunities. By building collaborative partnerships, Porter Capital continues to position itself as a trusted resource for businesses seeking reliable and scalable funding solutions.
About Porter Capital
Porter Capital Corporation was founded in 1991 by brothers Marc and Donald Porter in Birmingham, AL. The company provides working capital solutions to businesses nationwide across various industries. As a direct lender and factoring company, Porter Capital has funded billions since its inception. It offers Invoice Factoring and Asset-Based Credit Lines of up to $25 million. Over the years, Porter Capital has expanded its services to include a specialized transportation division known as Porter Freight Funding. The Porter businesses continue to grow by delivering working capital solutions with a focus on personalized, dedicated customer service, while maintaining speed and efficiency. To learn more about Porter Capital Corporation and how it can support your business, call 1-888-865-7678, email team@portercap.com, or visit www.portercap.com.
CONTACT:
Michelle Milhoan
mmilhoan@portercap.net
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