Skip to content
Newsroom

Sallyport Commercial Finance Provides a $1,250,000 Credit Facility to a Manufacturing Company in Washington.

Sallyport-Icon
Washington – 2/4/19 – Sallyport Commercial Finance delivers a $1,250,000 Accounts Receivable facility to a manufacturing company producing control panels utilized by industries ranging from nuclear power plants to outdoor barbecues.

With more than 40 years of experience and a solid commitment to their customers, this company proudly designs, tests and manufactures all their products in the USA.  Their current lender could not meet the client’s need for additional working capital and asked them to find another solution.  Their business consultant explored multiple sources of capital and chose Sallyport for their creativeness and willingness to get the deal done.  With new orders pending and a short timeline, the business sought a quick solution.   Sallyport met all their expectations and more, even while the client was on vacation and difficult to reach.

“Sallyport pulled through giving the client the assurance of meeting their obligations, paying off the bank and positioning themselves to take on more orders.  We are excited to be part of this growing business and to offer support so the owner can concentrate on sales and enjoy his vacation,” says James Bartel, Vice President of Business Development.

Every entrepreneur needs support from time to time, as well as confidence in a lender who understands their business and is willing to help drive growth.  Sallyport is excited to provide the needed working capital so the company can pay off their current bank, expand their customer base and continue to grow.

Posted in
  • News

Q2: Spotlight on Recruitment

July 17, 2024
Read More

Sallyport UK Team Takes Time to Give Something Back

May 17, 2024

Our team were honoured to spend a day volunteering recently at Leuchie House, a fantastic independent charity that provides support…

Read More
  • Articles

2021 Year-End Financial Checklist for Small Business

Business owners are busy all year round but as the holiday season approaches, things reach a new level of hectic.…

Read More
business-banking-blog-feature-image-high-rise-banking-buildings-in-city

Business Banking post-COVID

The business banking industry had to adapt as quickly as COVID-19 hit. For a business model that was edging slowly…

Read More
  • Videos

Popkoffs Client Testimonial

Popkoffs Client Testimonial   

View Now

What is Factoring?

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

View Now
Scroll To Top