Porter Capital Provides $5M Working Capital Facility to Flooring Services Company
Porter Capital Corporation has provided a $5 million recourse factoring facility to support the working capital needs of a flooring and exhibition services company. The funding paid off an existing $2.9 million bank line of credit, injecting much-needed liquidity into payroll and active projects within under ten days from initial contact. This move comes after industry slowdowns in 2025 led to canceled events and revenue shortfalls that strained the business's financial stability. The company had struggled for over a month without access to its usual working capital, making it difficult to staff new jobs or secure necessary cash flow. Porter Capital underwrote based on receivables and outstanding work rather than recent losses, offering swift support with substantial unused capacity remaining for future growth. The facility now allows the business to manage collections independently while scaling operations in trade shows, residential, and commercial sectors. Porter's approach included a face-to-face engagement that helped build trust and tailor cash flow solutions specific to the company’s needs. This case highlights Porter Capital's ability to deliver rapid financing decisions with direct access to decision-makers for growing businesses.
Topics: business financing factoring facility working capital