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Sallyport CF Provides $5MM A/R Facility to Apparel Company

September 15, 2016, 07:00 AM
Filed Under: Apparel

Sallyport Commercial Finance, LLC recently provided a $5 million Accounts Receivable facility limit – including $1.5 million of Purchase Order Financing - to a Seattle-based apparel company specializing in high-end men’s active wear. Our client markets to individuals that train at professional levels. The materials and styles they use are researched and designed with professional athletes in mind and their products are created through athlete-driven design. They offer all types of athletic wear including shorts, hoodies, long-sleeves, and pants made from different engineered materials to provide comfort during workouts. They develop world class performance fabrics in conjunction with fabrics and styles specifically requested and tested by elite athletes.
The business has picked up unpaid endorsements from some football players in the Seattle area and has secured orders from the high-end retail sector. They intend to become one of the leading brands in high-end active men’s wear and their product is already successfully selling in the stores. Sallyport Commercial Finance is excited to have the opportunity to help them reach their vision.
Sallyport Commercial Finance, LLC 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 49 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.

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