Porter Capital Provides $8MM in Funding to Support Multisector Staffing Company

Porter Capital, a provider of invoice factoring and accounts receivable financing solutions, has provided an $8 million credit facility to a Boston, MA-based staffing agency specializing in life sciences, renewable energy and information technology. This infusion of capital is designed to support the company’s efforts to expand its operations and respond to demand for specialized talent across these sectors.

With this capital, the company plans to enhance its recruitment strategies, broaden its geographic footprint and optimize service delivery to meet the evolving needs of clients in fast-paced industries. The funding from Porter Capital will help the firm grow its workforce and invest in new technology.

“We’re thrilled to partner with a company that is at the intersection of multiple sectors crucial for the future of business and sustainability,” John Cox Miller, senior vice president, national sales manager of Porter Capital, said. “Our funding solution provides the flexibility needed for them to scale operations, seize market opportunities and drive growth. We look forward to seeing the significant impact they will continue to make in life sciences, renewable energy and IT.”

Source: https://www.abfjournal.com/dailynews/porter-capital-provides-8mm-in-funding-to-support-multisector-staffing-company/?utm_source=ABF+Journal+E-News+Subscribers&utm_campaign=e67c9a1472-ABF+Journal+E-news-10%2F30%2F2024&utm_medium=email&utm_term=0_de329107f7-e67c9a1472-31393542