Sallyport Commercial Finance is proud to announce the closing of a $2,000,000 Accounts Receivable financing facility for a leading provider of turnkey furniture and fixtures for the education sector.
Referred to us via our parent company, the client came to Sallyport seeking a solution to bridge seasonal cash flow needs and strengthen liquidity. With a growing pipeline of large school district projects, the business needed reliable working capital to cover upfront costs and confidently pursue opportunities that support their rebound toward pre-COVID growth levels.
The facility will provide day-to-day working capital, allow the company to take on larger installations, and give them the flexibility to pursue ambitious new contracts. Looking long-term, the business aims to return to pre-pandemic growth and solidify its position as the premier educational furniture provider in the western U.S., building lasting partnerships with school districts along the way.
Sallyport was chosen for our ability to move quickly, structure a facility around their seasonality, and offer the scalability required for future growth.
“We’re excited to close this facility and support a smart, motivated team. By moving quickly and tailoring the structure to their seasonal needs, we’ve set the stage for a strong partnership and future growth together.” – Dean Winter, Business Development Executive
At Sallyport, we’re proud to support businesses that are building brighter futures – in this case, quite literally, by helping furnish learning environments where students can thrive.
Why Do Companies Outsource? Hiring from Outside
Companies who outsource in 2023 are doing it for the very same reasons as companies that were considered early-adopters in…
Financial Brokers and Alternative Finance: Fostering Business Growth
The financial landscape has witnessed a paradigm shift with the emergence of multiple alternative finance providers over the past decades.…
