Porter Capital Expands Product Suite with New Term Loans and Lines of Credit
Birmingham-based commercial finance firm Porter Capital has announced the launch of two new financing products: business term loans and revolving lines of credit. This expansion moves the company beyond its traditional core competencies of invoice factoring and asset-based lending, allowing it to offer a more comprehensive suite of capital solutions for small and mid-sized businesses. The new term loans range from $50,000 to $500,000 with 24-month terms, while lines of credit are available between $50,000 and $250,000. These products target industries such as manufacturing, distribution, staffing, transportation, and oil and gas. The move is intended to provide more flexibility for business owners needing predictable capital for expansion or revolving funds for seasonal working capital gaps.
Topics: commercial finance lines of credit product launch small business lending term loans