$1,500,000 Finance for Food Manufacturer on Growth Spurt

Sallyport is pleased to announce accounts receivable finance of $1,500,000 for a frozen food manufacturer to round off our March business. 

The price of dairy products such as eggs has increased massively since 2020 and the finance will enable the client to prepay suppliers for these ingredients, locking in better pricing for more predictable profit. They intend on growing the business to a level where they’re able to sell it in the next two years. 

Alexandra Scoggin, Senior VP for Sallyport is looking forward to supporting the client through this exciting stage of their growth…

“I’m delighted that an old prospect decided to reconnect and we were able to support them with a working capital solution that works for them as they grow the business.”