We’re delighted to announce the first funding for 2024 – $500,000 finance for a startup chemicals importer experiencing a common challenge for newer businesses. With no payment terms from their suppliers and extended payment terms from their customers, the client had a bottleneck in working capital preventing them from fulfilling orders.
The business was referred to us by a past client and the funding will enable them to continue growing by bringing on more customers and expanding the product offering.
Dean Winter, Business Development Executive for Sallyport is grateful to be able to support an ambitious startup with a financial solution they may not otherwise have access to…
“It’s a privilege to have the opportunity to support a growing startup. The entrepreneur’s unique industry experience, along with our understanding of their specific financial needs, lays the groundwork for our partnership. I’m looking forward to being part of this next step in their business’ success journey.”
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