Sallyport Commercial Finance customized a $1,950,000 Accounts Receivable facility for a business that provides a variety of engineering and laboratory solutions to customers ranging in size from small start-ups to Fortune 500 companies.  With over 25 years of experience, this company’s expertise allows them to deal with products from different markets including aviation and consumer electronics.

“Having had a prior understanding of the client’s business, Sallyport’s team was able to implement a solution that would provide cash flow while strengthening their business.  The previous lender wanted to cease their relationship with the client and Sallyport was able to step in and provide a way out so the company could maintain normal business operations and look forward to a prosperous 2019,” says James Bartel, VP of Business Development.

Sallyport said it is thrilled to offer a credible capital solution to pay off the current lender and provide the assurance of a finance partner who understands the business and will help fuel future expansion.