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Sallyport Commercial Finance Closes $1.75MM Credit Facility for Trading Card Supplier

September 09, 2020, 08:00 AM
Filed Under: Consumer Products

Sallyport Commercial Finance provided a $1,750,000 credit facility to a passionate entrepreneur and hobby enthusiast in the trading card business to meet the growing demand and fill upcoming orders.The credit facility will enable the business to continue to service their existing customers and help grow market share.

“The business owner had two large purchase orders and was worried about having sufficient capital to fill both of them on an ongoing basis,” James Bartel, Vice President of Sallyport Commercial Finance, said.  “The incumbent bank had given the company a line of credit, term loan and an additional SBA loan but it was still not enough. Sallyport was able to pay off two of the loans, gain a subordination on the SBA loan and grant sufficient dollars to allow the company to fulfill its orders!”

A local banker understood the potential growth of the business and knew Sallyport would structure the right solution to ensure the business would meet their obligations and find success to grow the business. Sallyport is pleased to help this entrepreneur achieve their Hopes and Dreams.

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