Growing Strong: $10M Funding Boost for AgTech Innovator

We are thrilled to announce that Sallyport Commercial Finance has successfully provided a $10,000,000 facility to a leading hydroponic and lighting supplies company in the Agricultural industry. The funding, structured across Accounts Receivable, Inventory, and Purchase Order Finance, will empower the company with the working capital necessary to support their rapid growth and the launch of an exciting new product line.

The client was facing limitations with their previous lender, who was unable to provide the increased facility size or the comprehensive funding products required to sustain their momentum. With sales growth accelerating and a new product line on the horizon, the company needed a flexible financial partner capable of providing a robust, multi-product solution.

With this new funding, the company will be able to:

• Maintain strong working capital levels to support continued growth;
• Normalize and improve payments to suppliers, and;
• Seamlessly launch their highly anticipated new product line.

Looking ahead, the company is dedicated to leveraging AI and advanced technology to maximize efficiency while scaling strategically. Their long-term goals include expanding distribution centers across the U.S. and globally, integrating manufacturing capabilities within these centers, and broadening their product portfolio. Additionally, they aim to enter the greenhouse organic food market, reinforcing their position as a leader in sustainable agriculture. With the right financial partners, they are confident in executing this vision within the next 3–5 years.

Sallyport Commercial Finance stood out as the ideal funding partner by structuring a large-scale, multi-product solution that not only meets the company’s immediate needs but also aligns with their long-term strategy. While no incumbent lender was involved, we are working with the company to identify the right strategic partners to retire some short-term debt and further optimize their financial position. 

CVO for our new client shared his appreciation for Sallyport’s partnership and the difference it’s made to their business:

“Sallyport Commercial Finance has been a true partner in our business journey. They took the time to understand our unique needs and tailored a game-changing facility just for us. With their support, we’re now playing offense rather than defense, and we couldn’t be happier. It’s hard to imagine where we’d be without them.”

Sallyport VP of Business Development, Kevin Yoon shared:

“At Sallyport Commercial Finance, we take pride in empowering businesses with the financial solutions they need to achieve their goals. This latest funding marks an exciting step forward for our client, enabling them to scale operations and drive innovation.”

Nick Hart, President, Sallyport Commercial Finance, is excited to support a new client as they embark on their next stage of growth and innovation:

“We are thrilled to provide a $10M Asset-Based Lending facility to our newest client, empowering them with the working capital needed to resolve immediate cash flow problems, drive growth, and seize the new opportunities that their new product launch will bring. At Sallyport Commercial Finance, we are committed to delivering flexible financing solutions that help businesses thrive and achieve their full potential.” 

We look forward to supporting our client on their journey to becoming a global leader in the agricultural industry and can’t wait to see the incredible innovations they bring to market!