Sallyport Commercial Finance arranges a $14,500,000 million-dollar package, including an Accounts Receivable facility, Purchase Order Facility and Inventory Facility to a company that manufactures broadband communication products.
Founded in 1997 and leading the industry in product development for telecom solutions, the business custom designs their own products including amplifiers, HDMI cables and other connectivity products. Being involved in such a rapidly evolving industry, this business custom designs their own products to keep up with advancements in technology.
“We are proud to announce our largest deal yet and also welcome our newest client. With so much uncertainty and volatility in Global Trade it is difficult for Entrepreneurs to swiftly navigate and respond to the changing environment if they do not have a Lender that is able and willing to change swiftly with them. We were asked by our client who has trading and manufacturing facilities in several countries to help them execute a corporate strategy that would help mitigate risk presented by the new proposed trade tariff increases and also deal with banking and lending uncertainty in their Chinese market where they have a manufacturing base. They had been talking to their long time Lender for nearly a year about restructuring their facility to help them achieve their goals but unfortunately with the impending tariff increases and business uncertainty the Lender declined at the last minute. Sallyport got the call for help and we were at the clients premises the following day to fully understand the current situation. Together we came up with a solution that included an increased total facility to $14.5m incorporating Domestic and International Receivables, Inventory facility and a Purchase Order facility. Together we have developed strategies to deal with the business risks that the client is facing and give Confidence and the very best chance of Succeeding and continuing with their Growth plans.” states Nick Hart, President of Sallyport Commercial Finance.
Sallyport is excited to assist this client with right structured capital to enable further growth in the future.
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