Newsroom
Sallyport Commercial Finance Supplies $250,000 Credit Facility to Handbag Manufacturer
3/24/20 – New York – Sallyport Commercial Finance provides a $250,000 Accounts Receivable facility to a company that specializes in private label accessories, handbags and wallets for retailers.
“When the client was introduced to Sallyport, they were looking for a fast solution to exit from their current MCA lender. Even during this difficult time of “Social Distancing” the business was experiencing an influx of POs for US produced orders as the current economic climate has disrupted international supply chains. Sallyport was able to pull together and implement funding despite the challenges presented,” says Matthew Tobin, VP of Business Development.
Because COVID-19 has strained international trade, this domestically sourced business has seen a rise in demand for their products and turned to Sallyport for additional working capital. With sustainable financing in place, they can continue to grow domestically while reaching their Hopes and Dreams of launching internationally.
Search
News
Returning Client Wins Big with $10,000,000 Finance
A return client is the best compliment for us and the services we strive to offer all of our customers.…
Read MoreStaffing Visionaries Secure $750,000 Growth Capital
$750,000 in accounts receivable finance will facilitate this staffing company in delivering innovative industry solutions and realizing their growth goals. …
Read MoreArticles
The Up and Up of North American Smart Manufacturing
Since the turn of the century, manufacturing has evolved greatly. As new, advanced technologies drive the industry forward, manufacturing is…
Read MoreNew Year, New Risks for Small Business
As the world faces the news of a new strain of the COVID-19 pandemic and a potential fourth ‘wave’ of…
Read MoreVideos
AG Machining Client Testimonial
AG Machining Client Testimonial
View NowWhat is Factoring?
Here we explain what exactly factoring is and how we can help your cash flow…
View Now