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Family-Owned Seafood Processor secures $10 million facility from Porter Capital to support new retail account and steady supplier relationships.
PRIVATEAug 27, 2026•about 3 hours ago
Amount Raised
$10 Million
Round Type
Venture - Series Unknown
BirminghamFinancial ServicesFinanceLending
Description
Porter Capital Corporation closed a $10 million non-notification factoring facility for a family-owned seafood importer and processor. This facility provides working capital to support a new national retail account. An initial advance of $6.5 million was funded at close, replacing the prior bank facility. With capital restored, the company is able to continue operations without interruption.
Company Information
Company
Family-Owned Seafood Processor
Location
Birmingham, Alabama, United States
About
Porter Capital Corporation is a leading provider of working capital solutions, specializing in invoice factoring and receivables financing. They focus on delivering quick decisions and next-day advances to businesses by understanding their unique needs and fostering trusted relationships. The company has a hands-on approach, visiting client headquarters to learn about their operations directly. This methodology supports businesses in stabilizing operations and facilitating growth.
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BirminghamFinancial ServicesFinanceLending