Sallyport Commercial Finance Announces $5 Million Funding for Specialist Hair Care

Sallyport Commercial Finance is delighted to announce funding of $5 million for a specialist hair care importer and distributor. This growing brand originated in the UK with a line of products dedicated to vegan and cruelty-free hair care and is continuing to realize their ambition of expansion into North America with a $5 million facility made up of accounts receivable and purchase order financing.

The client was referred to Sallyport by a business consultant in the UK who had a long-standing relationship with Sallyport's senior management team and needed a trusted financial partner in the US to work for their client.

Sallyport’s client will use these funds to build their presence in the US, purchase inventory and take market share. Longer-term this fantastic company hopes to expand their brand and footprint across North America, gain brand loyalty and establish themselves as market leaders in the specialist hair care industry.

Greg Dyson, Sallyport's national sales manager expressed excitement for the client's expansion: “We’re excited to partner with an already successful business from across the pond, helping them to build their brand and target major retailers here in the States. With our combined financing package, the business can now confidently secure these relationships knowing they have the necessary working capital to fuel their business’ growth”

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.