Sallyport Commercial Finance Equips Solar Panel Supplier with Growth Finance of $7.0 Million Dollars

Sallyport Commercial Finance provided a $7.0 mm accounts receivable financing facility to a supplier of high-efficiency solar panels. Our client had a choice between a lower priced bank line with limitations or a more flexible facility from Sallyport.  They choose growth and the confidence in partnering with Sallyport to help achieve their hopes and dreams. 

“Growth presents challenges as well as opportunities”, states James Bartel, vice president.  “Our client faced the challenge of a huge spike in sales and knew a recently approved bank line would not be sufficient.  They turned to Sallyport who understood the opportunity and was able to structure a facility that will help them meet and exceed their goals.” 

Sallyport looks forward to the company hitting or possibly exceeding their sales goals in 2021 on their way to becoming a leader in the solar industry!  

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.