$500K AR Facility to a Manufacturer in the Electric Auto Industry.

Sallyport Commercial Finance, LLC Provides $500K AR Facility to a Manufacturer in the Electric Auto Industry.

Irvine, CA – September 1, 2017 – Sallyport Commercial Finance recently provided a $500,000 Accounts Receivable Facility to an importer of specially designed cases for the electric auto industry.

As a new start business that recently secured a sizeable supply contract with a market leader in the electric auto industry, they provide automotive cases and kits that hold the charging cables for domestic electric cars, safety kits for European exports as well as glove box components.  This company provides its customers with the first organized safety kit in the Automotive Industry in over 20 years.

Sallyport Commercial Finance is excited to provide the working capital to a new start, so that they can take advantage of this unique opportunity to create a successful business.

Sallyport Commercial Finance, LLC is an independently owned and operated, specialty finance company focused on providing entrepreneurs with working capital solutions for small to medium sized businesses, to help drive growth and achieve business hopes and dreams. The senior management team have over 50 years of collective experience in helping entrepreneurs grow their businesses, both in the US and Europe, by turning their invoices and assets into cash. Sallyport Commercial Finance offers a full suite of factoring and asset-based products including Accounts Receivable Finance, Purchase Order Finance, Equipment and Inventory Finance, Cash Flow Loans, and Real Estate Loans. Very experienced in all industries, our current portfolio includes businesses in Staffing, Energy, Food & Beverage, Apparel, Manufacturing, Service Industry, Transportation, Government Receivables, and IT.