Sallyport Commercial Finance provided a $4 million Accounts Receivable Financing Facility to a sponsor backed metal components company. The client had their supply-chain deeply affected by COVID-19 and as a result, needed a financing partner to help with their working capital gap caused by delays in shipments out of India and China.

“When our client came to Sallyport, they were in a tough scenario as their sales had been decreased because of the pandemic and they had a cash-flow gap they needed to fill. We were able to work hand-in-hand with our client and their Private Equity sponsor to find the right financing to help them rebound from unforeseen issues in 2020 and pivot to having a successful and profitable 2021,” said Danny Krasna, Vice President.