$400,000 Finance Sets Scene for Industrial Manufacturer to Grow

A $400,000 tailored financial solution has just been put together for an industrial manufacturer based on the West Coast of the US. The package is made up of a $120,000 cash flow loan with the remainder consisting of an accounts receivable facility 

The client was referred to Sallyport by a broker and had spiraling Merchant Cash Advance loan commitments that were becoming troublesome to meet and preventing them from moving forward and accepting new business. 

Sallyport were selected as they made a particularly complex scenario seem simple and demonstrated resilience in dealing with the client’s existing creditors. 

Senior VP for Sallyport, James Bartel was pleased that we were able to relieve the client of the burden of dealing with multiple high interest lenders which will now enable them to confidently accept new orders…

“Our prospect really needed the help of a seasoned financial partner…between multiple MCA loans and pending orders that he was worried about filing, a new approach was needed. Sallyport alleviated the stress of the weekly MCA loan payments. These payments had been temporarily reduced but the prospect was worried that they could double or even triple in the near future. A solution was crafted to pay off these lenders and give the business the ability to take on future business.”

The client was relieved to be able to consolidate their financial needs through Sallyport…

“We are a small manufacturing business that supplies to the US aerospace and defense industries. Access to working capital plays a major role in how successful we are in meeting our customer commitments. After dealing with other firms for services ranging from merchant cash advances to lines of credit, we were fortunate to have Sallyport come on board as our one stop shop for all our financing needs. The Sallyport team worked tirelessly to construct our credit facility, which will be a game changer as we grow our business.”