Skip to content
Newsroom

$7,500,000 Funding for Electronics Distributor

Sallyport are delighted to announce that we’ve just provided a $7,500,000 accounts receivable facility for an electronics distributor.

Referred to us by their current lender whom we will work alongside, the client has a highly seasonal business and needed to free-up working capital to be able to secure enough stock for the holiday season whilst also meeting their payroll commitments. The client will use these funds to pay their suppliers and workforce and they hope to be able to expand into other home electronics product lines in the future.

Alexandra Scoggin, VP for Sallyport commented…

With the California ports continuing to have severe constraints and delays, we were happy to provide our client the funding they needed to be able to bring in more products and safeguard the success of their busy holiday sales season. I am excited to see what new products they will be launching in the future.

 

 

Posted in
  • News

Canadian Distribution & Storage Business Boosted By $2M Finance

June 30, 2024

We are thrilled to announce that Sallyport has successfully funded a $2 million invoice factoring facility for a rapidly growing…

Read More

Canadian Business Revitalized with $2.5M Finance Boost

May 13, 2024

At a crucial time in Big Erics 80-year history, Sallyport are delighted to be announcing $2.5 million in financing for…

Read More
  • Articles

Could Trade Credit Insurance Save Your Business?

Trade credit insurance or accounts receivable insurance is a type of corporate insurance policy within the Property and Casualty business…

Read More

UK Businesses Eyeing Global Expansion in 2024

The International Monetary Fund (IMF) predicts resilient global economic growth in 2024 with a 3.1% increase in GDP. Whilst most…

Read More
  • Videos

The Most Financial Time of the Year

Sallyport commercial finance’s Annual Holiday Music Video!  

View Now

AG Machining Client Testimonial

AG Machining Client Testimonial   

View Now
Scroll To Top