Skip to content
Newsroom

$4MM Finance for Expansion of Manufacturing Plant

Sallyport are delighted to announce $4 million in finance for the expansion of a manufacturing plant in the US. Sallyport partnered with a specialist inventory finance lender to take the total finance available to the client to $8 million through a combination of accounts receivable finance and inventory lending.

The company based out of Eastern US provides mission critical products to a number of industries including defense, automotive and aerospace. The client was grateful for Sallyport’s collaborative approach to working with the other lender and the way they provided value-add with consultative services. When they were unable to extend traditional bank lines of credit further, they turned to Sallyport for assistance.

Alexandra Scoggin, Vice President of Business Development at Sallyport commented…

“It was such a pleasure to work with this hugely successful manufacturing and distribution client who simply needed additional support from a financial partner who could help them realize their hopes of expanding operations. We were able to give them a facility to accommodate the expansion of their manufacturing plant so that they could increase production and set the business on course for continued growth.”

Posted in
  • News

$1,000,000 Accounts Receivable Finance for a StartUp

September 2, 2021

Sallyport are delighted to announce another early September funding – $1,000,000 accounts receivable finance for a startup business manufacturing sustainable,…

Read More

Sallyport Assign $1,000,000 in Finance for Staffing Industry StartUp

September 1, 2021

Our first funding for September goes to a StartUp in the medical staffing industry. A $1,000,000 accounts receivable facility will…

Read More
  • Articles

lady-wearing-overall-and-gloves-manufacturing-chocolate-feature-image-for-food-and-beverage-industry-blog

Trends Transforming the Food and Beverage Industry

There’s not much to come out of the pandemic unscathed and unchanged and this is especially true for the food…

Read More

Financing a Professional Services Business

We often regard professional services businesses as being easier to manage than a product based business and in a lot…

Read More
  • Videos

What is Factoring?

Here we explain what exactly factoring is and how we can help your cash flow…

View Now

AG Machining Client Testimonial

AG Machining Client Testimonial   

View Now
Scroll To Top