Sallyport Commercial Finance Provides Turnaround Solution to an Apparel Company

September 25, 2019

Source: Sallyport Commercial Finance

Sallyport Commercial Finance provides a $750,000 accounts receivable facility including an Inventory Loan to a contract manufacturer and importer of custom apparel.

The company produces a variety of clothing, ranging from lifestyle to work apparel.  In addition to assisting in product design and development, the business also offers their customers a range of labeling and packaging referral services. Managing the volatility of the market and the everchanging retail sector, the business needed a lender that would help them secure the financing required to restructure the business and provide ongoing working capital.

“This long-standing work safety apparel company has been looking for a lender to support them through a turnaround strategy. Being able to put in place a non-notification A/R Facility and an Inventory Loan should allow them to meet their goals and vision for the business. We look forward to working closely with the company to help them grow and succeed moving forward,” says Calum Williamson, Managing Director at Sallyport Commercial Finance.

Sallyport is excited to provide a finance solution so that this company can pay off their previous lender and restore stability.  With a plan in place, the business can keep their Hopes and Dreams alive as they continue to grow and leave a legacy behind for future generations.

Sallyport Commercial Finance, LLC 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. The senior management team have over 70 years of collective experience in helping entrepreneurs grow their businesses, in the US, Europe and Canada, by turning their invoices and assets into cash. 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.

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