3/28/19 – Texas – Sallyport Commercial Finance closes a $1,500,000 Accounts Receivable facility to a newly formed staffing company that focuses on food processing and the manufacturing sector.

With an entrepreneurial drive and an experienced management team, the company secured several large contracts with nationally recognized vendors providing long-term and short-term staffing.  The equity partner quickly realized the need for a sustainable credit facility to fund their projected growth and cover weekly payroll demands.  They were directed to Sallyport Commercial Finance knowing they would get the funding they need with a quick turnaround.

“The company came to us as a startup with no sales, but had strong contracts in hand.  They needed a partner to help fund future payroll that typically takes 30 plus days to collect.  Sallyport was able to provide a solution that helps the owners sleep at night knowing their workers would be compensated and leave the business with capital to take on new jobs. I’m excited to have this company on board and watch them grow!” says Vice President of Business Development, Wade Concienne

After taking the time to get to know the business, Sallyport was able to provide a flexible financing solution so this new company could meet payroll and focus on growing their business.  Sallyport is delighted to assist this company as they continue to grow and fulfill their Hopes and Dreams.