A return client is the best compliment for us and the services we strive to offer all of our customers. In this instance, we have been able to tailor a $10,000,000 accounts receivable facility for a supplier and trader of fuel and lubricants around the world.
Recently awarded a substantial United States government defense contract spanning five years, our client required funding to fulfill this significant opportunity. Our financing empowers them to meet contractual obligations while positioning themselves for further global expansion.
Having relied on self-funding in recent years, these funds serve as a fresh injection of cash flow, fueling growth initiatives with both existing and new clientele. With aspirations to double or triple the sourcing and distribution of fuel and lubricants in 2024, projected revenues are set to soar to $120 million.
Nick Hart, President of Sallyport, reflects proudly on the enduring relationships cultivated by our team…
“It’s always fantastic when a client returns to us for a facility when they have working capital needs. Relationships are built and maintained for years. Sallyport was able to structure a facility that enabled the client to secure themselves a hugely significant new contract.”
We’re grateful to be able to support this client on a second occasion and look forward to being a part of this exciting time in their growth.
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