Sallyport Commercial Finance Provides $7,500,000 Funding for Electronics Distributor

Sallyport is delighted to announce that it has just provided a $7,500,000 accounts receivable facility for an electronics distributor.

Referred to Sallyport by their current lender whom they will work alongside, the client has a highly seasonal business and needed to free-up working capital to be able to secure enough stock for the holiday season whilst also meeting their payroll commitments. The client will use these funds to pay their suppliers and workforce and they hope to be able to expand into other home electronics product lines in the future.

Alexandra Scoggin, VP for Sallyport commented, "With the California ports continuing to have severe constraints and delays, we were happy to provide our client the funding they needed to be able to bring in more products and safeguard the success of their busy holiday sales season. I am excited to see what new products they will be launching in the future."

Sallyport Commercial Finance is an independently owned and operated specialty finance company focused on providing entrepreneurs with working capital solutions for small to medium sized businesses, to help drive growth and achieve business hopes and dreams. Sallyport Commercial Finance offers a full suite of factoring and asset based products including Accounts Receivable Finance, Purchase Order Finance, Equipment and Inventory Finance, Cash Flow Loans, and Real Estate Loans. Very experienced in all industries, our current portfolio includes businesses in Staffing, Energy, Food & Beverage, Apparel, Manufacturing, Service Industry, Transportation, Government Receivables, and IT.