Skip to content
Newsroom

Manufacturer Secures $16 Million Finance for Sustainable Future

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

Referred from a bank directly to Sallyport’s Alexandra Scoggin, her strong relationship with them brought the deal to fruition. A trusted Sallyport partner and industry peer finances the machinery and equipment element as the client focuses on opening their third manufacturing plant. 

The funding will provide cash flow as the business grows and expands and support them in utilizing more and more recycled materials in the future, meaning they can venture into other products outside their current core product range. 

Alexandra Scoggin, Senior VP, is delighted to play a small part in supporting green innovation…

“I’m very excited to have funded our first bank workout arrangement! Our new client is making a product to make the world a better place. I am thrilled to be a part of making a difference, both in their business and to the environment we all share.” 

“It’s exciting to be able to financially support a company that’s invested in bettering our environment,” said Loeb’s President, Howard Newman. “To have worked alongside another alternative lender, Sallyport, and provide the financial flexibility and quick closing that a traditional bank cannot is a big win for our client.”

Posted in
  • News

$500K Boost: Sallyport Helps Meat Processor Thrive

March 31, 2025

At Sallyport, we believe in fueling the ambitions of business owners with the financial support they need to thrive. We’re…

Read More

$1,750,000 to Keep Oilfield Businesses Flowing

March 30, 2025

At Sallyport, we’re committed to helping businesses overcome cash flow challenges and achieve their long-term goals. We’re excited to announce…

Read More
  • Articles

How to Extend Credit to Customers the Right Way

In the current climate it’s highly likely you’ve already been asked to extend credit terms to your customers. Small businesses…

Read More

10 Tips for Managing Cash Flow in Small Business

As a small business owner, cash flow are two words that you only really want to hear in the same…

Read More
  • Videos

American Business Women’s Day

Sallyport Commercial Finance Celebrates American Business Women’s Day  

View Now

What is Factoring?

Here we explain what exactly factoring is and how we can help your cash flow…

View Now
Scroll To Top