Newsroom
Sallyport Commercial Finance structures a $1,750,000 credit facility for a supplier to the trading card industry
9/4/2020 Pacific Northwest – Sallyport Commercial Finance helps a passionate entrepreneur and hobby enthusiast in the trading card business find a solution to meet the growing demand and fill upcoming orders. The credit facility will enable the business to continue to service their existing customers and help grow market share.
“The business owner had two large purchase orders and was worried about having sufficient capital to fill both of them on an ongoing basis. The incumbent bank had given the company a line of credit, term loan and an additional SBA loan but it was still not enough. Sallyport was able to pay off two of the loans, gain a subordination on the SBA loan and grant sufficient dollars to allow the company to fulfill its orders!” stated James Bartel, Vice President
A local banker understood the potential growth of the business and knew Sallyport would structure the right solution to ensure the business would meet their obligations and find success to grow the business. Sallyport is pleased to help this entrepreneur achieve their Hopes and Dreams.
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
Business Banking post-COVID
The business banking industry had to adapt as quickly as COVID-19 hit. For a business model that was edging slowly…
Read MoreHow to Qualify for Invoice Factoring
Steady, predictable cash flow is the main reason businesses use accounts receivable financing but if you’ve never done it before,…
Read MoreVideos
What is Factoring?
Here we explain what exactly factoring is and how we can help your cash flow…
View NowAmerican Business Women’s Day
Sallyport Commercial Finance Celebrates American Business Women’s Day
View Now