BIRMINGHAM, Ala., Sept. 16, 2026 /PRNewswire/ — Porter Capital Corporation, a leading provider of working capital solutions, announced the closing of a $5 million recourse factoring facility for a provider of custom carpeting and flooring serving major trade shows, art shows, and auto shows worldwide, along with residential and commercial installation. An initial funding paid off the company’s entire $2.9 million bank line of credit and injected additional working capital into payroll and active projects. Porter funded in under 10 days from initial contact, with substantial unused capacity remaining to support recovery and future growth.
The company had relied on a bank line of credit for payroll and daily operations for years. But 2025 brought a slowdown across parts of the trade show industry, including canceled events, that cut into revenue when the business could least absorb it. The losses caught the attention of the company’s bank, which, with the credit line maxed out and no clear path to additional cash, asked the company to find a new lender. For over a month, the business operated without the working capital it had depended on. New jobs became harder to staff, and the cash needed to take them on was not there. The company needed a lender willing to look past a difficult year and fund on the strength of its receivables and outstanding work rather than its recent operating losses, and it did not have weeks to spare while a new bank ran a standard process.
Porter Capital underwrote the company’s receivables and outstanding work rather than its recent results, structuring a $5 million recourse factoring facility whose first funding cleared the entire $2.9 million bank line that had put the company in this position. Beyond retiring that debt, the facility put working capital directly into payroll and into the projects the company had been unable to staff. Onboarding was swift, and the company now manages its own collections, with its receivables supporting the facility.
A Porter client since April, the company now has a foundation built to scale. As new trade show, residential, and commercial projects come in, the facility grows alongside them. Payroll is stable, jobs are being staffed, and the pressure that defined the months before Porter got involved has eased.
The company evaluated several other financing companies before selecting Porter. Porter’s team flew out to meet them in person almost immediately and worked through what managing cash flow would actually look like going forward. That face-to-face approach, with a team that understood the business well enough to shape a real solution, built a level of trust no phone call or term sheet could match, and it reflects how Porter works across its portfolio. Porter offers invoice factoring and receivables financing that deliver quick decisions, next-day advances after onboarding, and direct access to decision-makers who understand how timing and trust shape growing businesses.
Contact:
John Cox Miller
team@portercap.com
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SOURCE Porter Capital
