We’re delighted to announce a $1,000,000 accounts receivable facility for a lighting manufacturer headquartered in Tennessee.
The business held a very strong sales position through the pandemic, however with subsequent supply chain challenges and inflationary pressure, sales plateaued over the last couple of years. The market is now experiencing an uptick in activity and the business will use the funds to support this growth and pay down some debt to reduce the incumbent bank’s position.
VP of Business Development, Dylan Zimmerman appreciated the concerted effort from the team to work through a complex situation…
“I’m very proud of the work the team put in on this one. Despite the complexities, we were able to provide a flexible financing solution to enhance their working capital position.”
The client was introduced to Sallyport by another ABL lender who was unable to accommodate the facility they required. As the market improves, the client now has a financial partner and the liquidity to take advantage of increased activity.
Apparel Purchase Order Financing – Perfectly Coordinated Funding
The apparel industry has many nuances, cash flow constraints being one of the most significant and challenging. Long delays between…
Read More
Are Small Business Loans Hard to Get?
Small business loans have been the primary source of external financing for businesses and entrepreneurs for hundreds of years and…
Read More
What is Factoring?
Here we explain what exactly factoring is and how we can help your cash flow…
View Now
The Most Financial Time of the Year
Sallyport commercial finance’s Annual Holiday Music Video!
View Now