Sallyport is excited to announce the funding of a global leader in digital technology who is revolutionizing live 3D communication worldwide. A $1,800,000 in accounts receivable finance and a $200,000 inventory facility will support the rapid growth of the company, not only in their North American locations, but further afield in their UK and Singapore offices and more as they continue to expand.
These funds will afford them the working capital required to invest in more inventory and enhance their marketing efforts worldwide.
Owing to the long-standing relationship between Sallyport’s MD and ARHT’s CFO, plus our ability to close the deal within the window required, made Sallyport the natural choice to meet ARHT’s needs.
Sallyport MD Calum Williamson is delighted to welcome the client on board…
“This was a great deal to land for Sallyport, both in Canada and the USA. The technology ARHT is bringing to the market is science fiction brought to life and this is such an exciting time in their journey. We look forward to supporting their growth for many years to come!”
Larry O’Reilly, CEO of ARHT Media is enthused with both Sallyport’s support and the solution we were able to create for them…
“The additional capital available under this credit line will provide flexibility in working capital during this growth stage of ARHT Media’s development. We are very pleased to secure this non-dilutive capital and appreciate the support from our tremendous partner, Sallyport Commercial Finance.”
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