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Sallyport Commercial Finance Provides $10MM to NY-Based Apparel Company

December 12, 2016, 07:44 AM
Filed Under: Apparel

Sallyport Commercial Finance announced it has recently provided a $10 million Accounts Receivable Finance facility including a tailored $1.5MM Purchase Order Finance Line to a New York-based Apparel business.  For over 20 years our new client has worked hand in hand with their retailers identifying future global trends, creating options then designing and manufacturing quality garments for their target demographic.

SCF President Nick Hart had developed a strong and valued relationship with the senior management team over the last four years so when a change in senior lender was required Hart was there to help with the new structured finance facility and smooth out a complicated transition. The apparel sector is constantly changing and businesses need to reinvent themselves every few years to stay fresh and relevant. Changes to the design team were necessary to move the business forward and Nick was able to provide additional help with a key industry veteran recommendation who has already wowed their retailers buyers.

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. Very experienced in all industries, our current portfolio includes businesses in Staffing, Energy, Food & Beverage, Apparel, Manufacturing, Service Industry, Transportation, Government Receivables, and IT.

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