Skip to content
Newsroom

Sallyport Commercial Finance Supplies $250,000 Credit Facility to Handbag Manufacturer

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.

Posted in
  • News

Growing Strong: $10M Funding Boost for AgTech Innovator

February 5, 2025

We are thrilled to announce that Sallyport Commercial Finance has successfully provided a $10,000,000 facility to a leading hydroponic and…

Read More

Fueling Growth: $500K Funding for GTA Staffing Leader

January 17, 2025

Sallyport Commercial Finance is thrilled to announce a new $500,000 factoring facility for a fast-growing staffing company in the Greater…

Read More
  • Articles

us-manufacturing-blog-image

Is US Manufacturing the Route to Economic Recovery?

There’s a big sea change underway in US manufacturing, the start of which predates the significant economic and political events…

Read More

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 More
  • Videos

Scroll To Top