Sallyport Provides $1.9 Million Finance for Distribution Business

Sallyport has lightened the load for a growing bulk container distribution business, supporting them with $1.9 million in finance comprising an accounts receivable facility and a $500,000 cash flow loan.

Referred to Sallyport by one of its competitors, the ability to quickly construct a tailored solution which perfectly suited their business was fundamental to Sallyport’s edge over the competition and ultimate success in winning the business. The client will utilize the funds to enhance their working capital position whilst concentrating efforts on their plans for expansion.

Alexandra Scoggin, Sallyport VP mentioned,  "We were able to move very quickly with an accounts receivable line topped with a $500,000 cash flow piece secured by inventory. This provided the exact structure and flexibility the client needed to build on their success. "

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.