Sallyport Commercial Finance Delivers a $500,000 Credit Facility to a Medical Tool Manufacturer in Florida.

2/22/19 – Florida – Sallyport Commercial Finance provides a $500,000 Accounts Receivable facility to a company that develops, designs and manufactures tools for minimally invasive endoscopic surgeries.

Founded in 2012, this company currently develops and markets FDA approved medical technology, serving customers in the United States and distribution partners world-wide.

“This is a client that when first introduced to Sallyport was seeking a PO solution. The company was new and had established larger incoming orders with a single customer which they were unable to fulfill. After consulting with the business, Sallyport was able to structure an alternative, more sustainable solution in order to finance their incoming orders and meet the future needs of the rapidly growing company. We look forward to watching this client grow with us!” states new Vice President of Business Development, Wade Concienne.

With over 25 years of experience, the business owner is an established developer in the industry with nearly a dozen patents to date.  Sallyport’s assistance will allow this company to continue to grow and be a leading provider of revolutionary devices for the medical field.