$1,000,000 Accounts Receivable Finance for a StartUp

Sallyport are delighted to announce another early September funding – $1,000,000 accounts receivable finance for a startup business manufacturing sustainable, eco-friendly kitchenware.

The $1,000,000 facility will be used in conjunction with purchase order financing to support their rapid growth, enabling them to fulfill a number of larger orders that they’ve recently secured.

The client was referred to us by a specialist PO lender and we were a step ahead of the competition given our ability to turn the deal around quickly on terms that were particularly favorable to them.

“It’s always exciting to be part of the growth of a StartUp organization and even more so when that company’s ethos is to create products which help us all to leave the world a better place than we found it. We love helping entrepreneurs with phenomenal ideas and can’t wait to see how the client flourishes  in this really exciting phase of their business’ growth.”

Alexandra Scoggin, Vice President, Sallyport Commercial Finance.