Skip to content
Newsroom

Furniture Manufacturer Forges Ahead with $1,750,000 Finance

After two years’ of extremely challenging conditions for this business due to the pandemic, we’re delighted to announce $1,750,000 in finance for an office furniture manufacturer. Manufacturing high quality office furniture from their factory in LA, the client was referred to us via a contact in the banking industry. 

The finance comprises $1,500,000 accounts receivable finance and a $250,000 cash flow loan. In the immediate term, the funds will enable them to purchase key components for equipment which is otherwise complete, and in the longer term they are developing a range of entry-level products which they will be selling into warehouse retail and targeting towards the federal government going forward. 

Senior VP for Sallyport, James Bartel, said it was our ability to work quickly and efficiently that secured the business and is pleased to have been able to support the client’s growth following a difficult few years for them…

“Our prospect had multiple challenges including recent losses but with huge potential for growth given the right solution to their working capital challenges. The firm brought in a veteran CFO and he identified financing as a key area for the company.”

CEO for the client commented…

“Sallyport worked well to provide timely funding for our company. We are in rapid growth mode and needed materials to accomplish this growth. We are so far pleased with Sallyport’s performance.”

Posted in
  • News

Manufacturer Secures $16 Million Finance for Sustainable Future

November 14, 2023

$7,000,000 in accounts receivable and $9,000,000 in machinery and equipment finance make up a bespoke package for a recycled plastics…

Read More

Dessert Manufacturer Aims High with $1,500,000 Finance

November 13, 2023

A $1,500,000 factoring facility will enable this Canadian dessert manufacturer to get their products into more major chains across the…

Read More
  • Articles

A Guide to Accounting for Factored Receivables (inc Example)

When you begin invoice factoring, your invoices are transferred to the factoring company for collection and they cease to be…

Read More

5 Ways to Save Money with Full Service Factoring

The primary benefit of invoice factoring for businesses is no doubt quick and easy access to working capital. This capital…

Read More
  • Videos

Supporting Businesses in 2020

View Now

American Business Women’s Day

Sallyport Commercial Finance Celebrates American Business Women’s Day  

View Now
Scroll To Top