Sallyport Commercial Finance Provides a $1M Facility for Lighting Manufacturer

Sallyport Commercial Finance is delighted to announce a $1,000,000 accounts receivable facility for a lighting manufacturer headquartered in Tennessee.

The business held a very strong sales position through the pandemic, however with subsequent supply chain challenges and inflationary pressure, sales plateaued over the last couple of years. The market is now experiencing an uptick in activity and the business will use the funds to support this growth and pay down some debt to reduce the incumbent bank’s position.

VP of business development, Dylan Zimmerman appreciated the concerted effort from the team to work through a complex situation… “I’m very proud of the work the team put in on this one. Despite the complexities, we were able to provide a flexible financing solution to enhance their working capital position.” The client was introduced to Sallyport by another ABL lender who was unable to accommodate the facility they required. As the market improves, the client now has a financial partner and the liquidity to take advantage of increased activity.

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.