Porter Capital Corporation is a direct private lender without restrictive financial covenants
that provides working capital credit lines for companies with annual revenues between $100,000 and $100,000,000 through asset-based lending and accounts receivable financing. Since the company's inception in 1991, we have funded over 4 Billion in credit facilities.
Companies who require a senior debt facility secured by current assets, specifically A/R and inventory, are eligible under PCC's line of credit. Typically, these companies need bridge financing to get bankable. Often, these prospects are experiencing rapid growth, high customer concentration, losses, and other characteristics that do not fit within the underwriting parameters of the traditional line of credit offered by banking institutions.
Investment bankers turn to Porter Capital for acquisition financing too. Porter's ability to close fast and provide max availability on accounts receivable and inventory positions our credit line as a go-to financial product. Many times buyers must push for the most cash out of assets being purchased to executive the sale and Porter is in a position to close those types of transactions quickly.