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Sallyport CF Equips Solar Panel Supplier with $7MM of Growth Financing

March 25, 2021, 06:00 AM
Filed Under: Energy

Sallyport Commercial Finance provided a $7.0 mm Accounts Receivable Financing Facility to a supplier of high-efficiency solar panels. The client had a choice between a lower priced bank line with limitations or a more flexible facility from Sallyport. They choose growth and the confidence in partnering with Sallyport to help achieve their hopes and dreams.  

“Growth presents challenges as well as opportunities”, states James Bartel, Vice President. “Our client faced the challenge of a huge spike in sales and knew a recently approved bank line would not be sufficient.  They turned to Sallyport who understood the opportunity and was able to structure a facility that will help them meet and exceed their goals.”  

Sallyport looks forward to the company hitting or possibly exceeding their sales goals in 2021 on their way to becoming a leader in the solar industry!  

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