6/20/19 – Washington – Sallyport Commercial Finance provides a $1,250,000 Accounts Receivable facility to a company that delivers a variety of mechanical, electrical and fire protection engineering services to various businesses nationwide.
The business operates in the construction service industry providing technical drawings and architectural projects for contractors in the aviation, education, healthcare, marine, military and municipal markets.
“This firm attempted to work with two other lenders that were unable to provide the necessary funding in order to pay off the incumbent bank. The bank was growing impatient and needed a solution. Sallyport stepped in with a quick and viable resolution, giving the bank a reprieve and the client, the ongoing working capital needed to realize new opportunities,” states James Bartel, Vice President of Business Development.
Sallyport is excited to take on this well-established and respected client so that they can pay off their current lender, sign new contracts for expansion, and continue to develop pertinent technology that will help sustain their Hopes and Dreams for continued success in a growing economy.
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