1/6/21 – New York, NY – Sallyport Commercial Finance provided a $4mm Accounts Receivable Financing Facility to a sponsor backed metal components company.
Our client had their supply-chain deeply affected by COVID-19 and as a result, needed a financing partner to help with their working capital gap caused by delays in shipments out of India and China.
“When our client came to Sallyport, they were in a tough scenario as their sales had been decreased because of the pandemic and they had a cash-flow gap they needed to fill. We were able to work hand-in-hand with our client and their Private Equity sponsor to find the right financing to help them rebound from unforeseen issues in 2020 and pivot to having a successful and profitable 2021” said Danny Krasna, Vice President.
Sallyport Commercial Finance is proud to assist with businesses, both privately owned and sponsor backed, during the coronavirus pandemic. Sallyport’s motto is Together We Grow, and we strive to help our clients recover from 2020 and grow together in 2021.
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