Sallyport Commercial Finance Funds Their Second DIP Deal of 2017

October 2017 – Sallyport Commercial Finance provides a $2 million-dollar Debtor-In- Possession facility to a company focused on the design and manufacture of ladies and children’s shoes.

in 2009, a second-generation shoe designer leads this family business which has a presence both Domestically and Internationally.

Sallyport Commercial Finance was able to structure a DIP financing offering to provide the working capital to this company, enabling the business to ship the Fall/Winter season and prepare for Spring, whilst it undergoes a restructure that will benefit its creditors.

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. 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.