Quick Summary

Facility Size: $5M recourse factoring facility

Speed: Funded in under 10 days from initial contact

Stability: Paid off a maxed-out $2.9MM bank line of credit in first funding

Continuity: Stabilized payroll and restored the ability to take on new jobs

Headroom: Substantial unused capacity in place to support recovery and future growth

The Challenge

A leading provider of custom carpeting for major trade shows, art shows, and auto shows worldwide, this company also sells and installs flooring for homes and businesses. That combination had served the company well for years, but 2025 brought a rough patch. A slowdown across parts of the trade show industry, including canceled events, cut into revenue at a time when the business could least absorb it.

The losses caught the attention of the company’s bank. With the credit line maxed out and no clear path to drawing additional cash, the bank asked the company to find a new lender. For over a month, the business operated without access to working capital it had previously relied on for payroll and day-to-day operations. New jobs became harder to staff, and the cash needed to take them on simply wasn’t there.

The company needed a lender willing to look past a difficult year and fund based on the strength of its receivables and its outstanding work, not its recent operating losses. That kind of underwriting doesn’t happen quickly through traditional channels, and the business didn’t have weeks to spare while a new bank ran its standard process.

The Porter Solution

Porter Capital structured a $5 million recourse factoring facility with a first funding that paid off the company’s entire $2.9 million bank line, clearing the obligation that had put them in this position in the first place. Beyond retiring that debt, the facility injected working capital directly into payroll and into the projects the company had been unable to staff. The onboarding process was swift and the company is now positioned to operate the way it always had: managing its own collections, with its receivables now supporting the facility.

The Results

The company has been a Porter client since April, and now has a solid foundation for what comes next. As new trade show, residential, and commercial projects come in, the company has a facility built to scale alongside them. Payroll is stable, jobs are being staffed, and the pressure that defined the months before Porter got involved has eased.

Why They Chose Porter

When the company started looking for a new financing partner, they were talking to several competitors. Porter’s team flew out to meet them in person almost immediately. The conversation itself made the difference. Porter listened to the full story and worked through what managing cash flow would actually look like going forward.

Meeting face to face, 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 have.

About Porter Capital

When traditional lenders say “not yet,” Porter Capital says “now.” Porter funds receivables so growing businesses can keep moving fast. With rapid decisions, next-day advances after onboarding, and a relationship-driven team that knows your industry, Porter turns approved invoices into dependable working capital that scales with sales.

Family-owned, practical, and committed to partnership, Porter Capital delivers what modern operators need most: speed, transparency, and the confidence to grow on their terms.