California – 4/2/20 – Sallyport Commercial Finance provides a $2,000,000 Accounts Receivable facility, including a $500,000 Cash Flow Loan to company that provides a complete range of traffic control services for their customers.
“When we connected with this traffic and safety company, they recently had taken a large ACH loan to help with their short-term payroll needs. In addition, the current fallout from the COVID-19 virus put their future as an SME in question. When it was identified that the company was defined to be an essential business, there was an immediate demand to meet local government needs. Sallyport was able to provide a factoring facility and a cash flow loan to ensure this business has the capital to meet its payroll and expansion needs.” states Matthew Tobin, Vice President.
Sallyport is excited to extend a finance solution to a company that stands on the front line of combatting COVID-19. During this time of hardship, we believe it’s imperative that we all work together to ensure small and medium sized businesses have the sustainable working capital to secure their future.
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