Newsroom
Sallyport Commercial Finance Extends Credit Facility to a Mechanical Engineering Firm in the Pacific Northwest.
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.
Search
News
Game On: Toy Distributor Lands $900,000 Finance
We are pleased to announce that a leading toy distributor has secured $900,000 in funding. This funding package includes a…
Read MoreCanadian Distribution & Storage Business Boosted By $2M Finance
We are thrilled to announce that Sallyport has successfully funded a $2 million invoice factoring facility for a rapidly growing…
Read MoreArticles
Sallyport Commercial Finance, LLC – Meet Jamie
Jamie Simmons Senior Account Executive Sallyport Commercial Finance, LLC What advice would you offer to women just starting out in…
Read MoreChanges to SBA 7(a) Loan Fees – What you Need to Know
The U.S. Small Business Administration (SBA) has recently completed its annual review of the fees that it charges lenders under…
Read MoreVideos
The Most Financial Time of the Year
Sallyport commercial finance’s Annual Holiday Music Video!
View Now