Sallyport commercial finance has provided a $6,000,000 million accounts receivable facility and $1,500,000 million inventory facility which will enhance working capital and facilitate the chemical and oil and gas manufacturer in progressing their growth plans.
The client was referred to Sallyport by a partner in the investment banking area, as their previous provider ceased the funding of inventory and intended to exit the relationship based on the industry. Sallyport were successful in securing the deal, working flexibly and collaboratively with a specialist in inventory lending and a financial consultant to structure a proposal that everyone was happy with.
The client was buoyed by Sallyport’s attitude to delivering a customized financial solution…
“We were extremely encouraged with Sallyport’s ‘can-do’ approach and we’re filled with confidence about the transition process as well as the day-to-day management of our account going forward. We are very much looking forward to working with the entire Sallyport team to grow our business to the next stage.”
Wade Concienne, Vice President, Business Development at Sallyport commented…
“Ensuring this deal came to fruition required a great deal of creativeness and the tenacity to find a solution befitting of the clients’ unique needs. With the guidance of an exceptional financial consulting firm and working closely with a specialized inventory lender, we were able to get the company refinanced and back on track to success. We are extremely excited to have the business on board and look forward to realizing great things together!”
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