Newsroom
Sallyport Commercial Finance Provides $4mm Accounts Receivable Financing Facility
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.
Securing the Hopes and Dreams of entrepreneurs, it’s what we Do!
Search
News
Manufacturer Secures $16 Million Finance for Sustainable Future
$7,000,000 in accounts receivable and $9,000,000 in machinery and equipment finance make up a bespoke package for a recycled plastics…
Read MoreDessert Manufacturer Aims High with $1,500,000 Finance
A $1,500,000 factoring facility will enable this Canadian dessert manufacturer to get their products into more major chains across the…
Read MoreArticles
Does Your Business Qualify for the ERTC Tax Credit?
The Employee Retention Tax Credit (ERTC) was established in 2020 as part of the CARES act in order to encourage…
Read MoreMeet Ingrid Chen – Sallyport Senior Account Executive
Meet Ingrid Chen – Finance Professional with over 30 Years’ Experience Ingrid has spent 27 years in the factoring and…
Read MoreVideos
Popkoffs Client Testimonial
Popkoffs Client Testimonial
View NowAmerican Business Women’s Day
Sallyport Commercial Finance Celebrates American Business Women’s Day
View Now