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.”
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