10/1/18 – Southern California – Sallyport Commercial Finance supports a recognized market leader in metal manufacturing by supplying them with a $1,900,000 Accounts Receivable facility, $500,000 Inventory facility and a $250,000 Term Loan. The company was getting frustrated with their current lender due to the lack of working capital and understanding of their business. The owners turned to Sallyport for their creative financing approach and ability to understand the intricacies of their business.
“The family owned manufacturing company was experiencing cash flow issues with its previous lender despite its strong debtor base. With Sallyport’s understanding of risk and ability to carry out effective credit controls, we were able to increase the company’s cash flow. The implementation of a structured solution that included an AR line, equipment advances, and a short-term loan, helped the business out of a frustrating situation,” states Matthew Tobin, VP of Business Development.
Sallyport is pleased to partner with a company that has tremendous upside potential and is now relieved of their restrictive financial covenants that hindered their success. The company’s Hopes and Dreams are now attainable and they can move forward with great anticipation.
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 50 years of collective experience in helping entrepreneurs grow their businesses, both in the US and Europe, 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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