Washington – 3/15/19 – Sallyport Commercial Finance provides a $400,000 Accounts Receivable facility to a trucking company that specializes in carrying a variety of steel products such as rebar, plate steel, formed steel, coil and pipes. In addition to hauling steel, the company also transports lumber.
This growing, family-owned company began with a truck and trailer and now comprises of more than 15 company trucks and operators. They pride themselves in providing excellent customer service while being a reliable source of transportation for both shippers and buyers.
“When a short haul trucking company needed help, they turned to Sallyport. The owner had recently acquired the firm. The bank was unable to provide a credit facility and an MCA lender provided an insufficient, expensive and hard to cash flow option. The young entrepreneur quickly realized that a self-liquidating, flexible and potentially increasing facility was a great solution!” states James Bartel, Vice President of Business Development.
This young entrepreneur, dedicated to growing his business, quickly realized the importance of partnering with a lender to help meet his daily cash flow requirements. Sallyport was happy to provide the working capital needed to ensure continued growth and to help meet the company’s goal to obtain bank financing in the near future.
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