Sallyport Commercial Finance Provides a Multi-Million Dollar Facility to Major Seafood Distributor

Gloucester, MA – February 2017 – Sallyport Commercial Finance recently provided a $2MM Accounts Receivable Facility to a seafood distributor who receives seafood daily from local fishing boats and offshore vessels which are then graded, processed and packed in their waterfront facility.  They are then shipped to local, national, and international customers.

The company was founded in 2002 as a daily online auction to facilitate selling and buying advantages for local fishermen and approved buyers around the globe.  The main species of seafood traded include cod, haddock, pollock, redfish, hake, dabs, grey sole, and blackbacks.

Sallyport Commercial Finance is excited to support this business to help them accomplish their future objectives.

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 our industries, our current portfolio includes businesses in Staffing, Energy, Food & Beverage, Apparel, Manufacturing, Service Industry, Transportation, Government Receivables and IT.