Newsroom
$4MM Finance for Expansion of Manufacturing Plant
Sallyport are delighted to announce $4 million in finance for the expansion of a manufacturing plant in the US. Sallyport partnered with a specialist inventory finance lender to take the total finance available to the client to $8 million through a combination of accounts receivable finance and inventory lending.
The company based out of Eastern US provides mission critical products to a number of industries including defense, automotive and aerospace. The client was grateful for Sallyport’s collaborative approach to working with the other lender and the way they provided value-add with consultative services. When they were unable to extend traditional bank lines of credit further, they turned to Sallyport for assistance.
Alexandra Scoggin, Vice President of Business Development at Sallyport commented…
“It was such a pleasure to work with this hugely successful manufacturing and distribution client who simply needed additional support from a financial partner who could help them realize their hopes of expanding operations. We were able to give them a facility to accommodate the expansion of their manufacturing plant so that they could increase production and set the business on course for continued growth.”
Search
News
$500K Boost: Sallyport Helps Meat Processor Thrive
At Sallyport, we believe in fueling the ambitions of business owners with the financial support they need to thrive. We’re…
Read More$1,750,000 to Keep Oilfield Businesses Flowing
At Sallyport, we’re committed to helping businesses overcome cash flow challenges and achieve their long-term goals. We’re excited to announce…
Read MoreArticles
Canada’s Weak Loonie: Implications for the Economy and SMEs
As of late 2024, the Canadian dollar, affectionately known as the “loonie,” has hit a low not seen in over…
Read MoreDoes Your Business Qualify for the ERTC Tax Credit?
The Employee Retention Tax Credit (ERTC) was established in 2020 as part of the CARES act in order to encourage…
Read MoreVideos
What is Factoring?
Here we explain what exactly factoring is and how we can help your cash flow…
View NowThe Most Financial Time of the Year
Sallyport commercial finance’s Annual Holiday Music Video!
View Now