3/24/20 – New York – Sallyport Commercial Finance provides a $250,000 Accounts Receivable facility to a company that specializes in private label accessories, handbags and wallets for retailers.
“When the client was introduced to Sallyport, they were looking for a fast solution to exit from their current MCA lender. Even during this difficult time of “Social Distancing” the business was experiencing an influx of POs for US produced orders as the current economic climate has disrupted international supply chains. Sallyport was able to pull together and implement funding despite the challenges presented,” says Matthew Tobin, VP of Business Development.
Because COVID-19 has strained international trade, this domestically sourced business has seen a rise in demand for their products and turned to Sallyport for additional working capital. With sustainable financing in place, they can continue to grow domestically while reaching their Hopes and Dreams of launching internationally.
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