Porter Capital Provides $20 Million Factoring Facility to Fuel Growth for Prominent Manufacturer

Whats Happening:

Porter Capital has closed a $20 million factoring facility for a Dallas, TX-based manufacturing company with a 75-year history in producing automotive and industrial power products. This financing solution aims to provide predictable cash flow, enabling the company to continue its growth and scale operations efficiently.

Key Moves:

• Porter Capital closes $20 million factoring facility for Dallas-based manufacturer

• Financing solution provides predictable cash flow for company growth

• Deal structured to complement existing loan agreements and bank covenants

By The Numbers:

• $20 million factoring facility provided

• 75-year history of the manufacturing company

• Porter Capital offers funding up to $25 million

Key Quotes:

• "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." - Bjorn Peterson, Business Development Officer at Porter Capital

• "At Porter Capital, we are committed to strengthening our network by building meaningful partnerships within the financial and business communities." - John Cox Miller, Senior Vice President and National Sales Manager at Porter Capital

Bottom Line:

Porter Capital's $20 million factoring facility for a long-established Dallas manufacturer demonstrates the fund's ability to provide tailored financial solutions that complement existing credit arrangements. This deal showcases Porter Capital's expertise in structuring complex financing and its commitment to fostering long-term partnerships for sustained growth.

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