Sallyport Commercial Finance Provides $500,000 Factoring Facility for Tire Distributor

Growing businesses often need access to flexible working capital to take advantage of opportunities when they arise. For one tire distribution company, that opportunity was expanding its operations with the purchase of a new building while maintaining the cash flow needed to support day-to-day business.

Sallyport Commercial Finance was pleased to provide a $500,000 factoring facility, referred by a trusted lender, giving the company the financial flexibility to achieve both objectives.

The funding provides ongoing working capital to support daily operations while also helping finance the purchase of an additional building, creating the capacity needed for future growth. With stronger cash flow, the company is well positioned to continue serving its customers and expand its presence within the local community.

By unlocking the value tied up in outstanding invoices, the business can confidently invest in its future without waiting for customer payments, ensuring growth plans remain on track.

Dan Millar, VP of Business Development at Sallyport Commercial Finance, commented:

"Along with working capital the prospect was looking for our financing to help buy another building for operations. We were delighted to help with the expansion."

At Sallyport Commercial Finance, we understand that growth often requires more than just additional cash flow, it requires a financing partner that can provide flexible solutions aligned with a company's long-term vision. Whether supporting expansion, improving liquidity, or helping businesses seize new opportunities, we're committed to delivering customized working capital solutions that keep businesses moving forward.

Sallyport Commercial Finance is a specialty finance company operating across the US, Canada, and UK, focused on providing entrepreneurs with working capital solutions for small to medium sized businesses with annual sales up to $200m. Our funding helps them drive Growth and Achieve their 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.