Sallyport’s fall fundings continue with a $4,000,000 Accounts Receivable facility for a US staffing company experiencing rapid growth.
The client was referred to Sallyport via a CPA and one of our industry competitors at a time when they started accelerating growth exponentially; the preceding factoring provider felt uncomfortable adapting to their growing financial requirements. Sallyport’s responsive ethos shone through once more and the client recognized our flexibility in getting them funded despite the challenges of high customer concentration.
The client will now use the funds to pay suppliers, meet payroll and make capital investments which will fuel their growth further internationally.
Wade Concienne, VP of Business Development for Sallyport remarked…
In the course of one year, this company grew it’s revenue by almost five times. Sallyport were able to help support that growth at a time when most lenders would not. We are excited to have this business on board as part of the SCF family and are positive that they will achieve their ambitions of a global presence in the ‘not-so-distant’ future.
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