Porter Capital Closes $10 Million Facility for Family-Owned Seafood

BIRMINGHAM, Ala., Aug. 27, 2026 /PRNewswire/ -- Porter Capital Corporation, a leading provider of working capital solutions, announced the closing of a $10 million non-notification factoring facility for a family-owned seafood importer and processor with more than two decades in business. The facility advances 90 percent against eligible receivables and 85 percent of the net orderly liquidation value of inventory. An initial advance of $6.5 million funded at close, replacing the company's prior bank facility and providing additional working capital.