Porter Capital creates funding solution for pandemic-hit firm

Birmingham funding firm provides $8 million tied to accounts receivable

Birmingham-based Porter Capital has created an $8 million line of credit for a pandemic-hit firm, allowing the firm to remain in business. The firm, described as “a $40 million service company” encountered cash flow problems because their payments from customers were delayed. They contacted Attract Capital LLC, a New York-based investment banker. But Attract Capital…

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