4.17.19 – Illinois– Sallyport Commercial Finance arranges a $2,000,000 Accounts Receivable facility with short notice to an established company that provides high quality, aftermarket replacement parts to a variety of heavy equipment units.

Their competitive prices and excellent customer service have allowed this company to maintain decade-long relationships and keep their customers equipment in tip top shape while enduring extreme environments all over North America.

The company was in the process of transitioning from a large ABL lender by slowly winding down the facility. The company received a nasty surprise when a large customer payment was received and the Lender unexpectedly accelerated the indebtedness which prevented the company from having funds for wages and day-to-day expenses.

In a precarious situation, the company called explaining what had happened and asked if Sallyport would step in to replace the working capital line.  Despite the complexity of the transaction, Sallyport was able to pull it together in a very short time frame to cover the company’s wages. “Relationship is everything, and our Team working in lockstep with the Client, got the deal done in just over a week.  I am proud of what we were able to achieve on this one, averting undue hardship for the client and their employees.   Unfortunately, the world throws us a few nasty surprises from time to time but thankfully, Sallyport was there to help!” states Nick Hart, President.

Sallyport’s quick response gave the client time and peace of mind to focus on the implementation of their new Strategic Partner Strategy and to ensure their long-term success and growth.  Helping our Entrepreneurs navigate through tenuous situations and giving them Hope to achieve their Dreams is What We Do!