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.
Financing a Professional Services Business
We often regard professional services businesses as being easier to manage than a product based business and in a lot…
Read More
How to Establish Business Credit for the First Time
Access to business credit can be a lifeline when businesses most need it, providing cash flow for payroll, purchase of…
Read More
The Most Financial Time of the Year
Sallyport commercial finance’s Annual Holiday Music Video!
View Now
What is Factoring?
Here we explain what exactly factoring is and how we can help your cash flow…
View Now