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Sallyport Provides $1MM AR Finance Facility for Startup

September 09, 2021, 07:00 AM
Filed Under: Manufacturing

Sallyport provided $1,000,000 of accounts receivable financing for a startup business manufacturing sustainable, eco-friendly kitchenware.The $1,000,000 facility will be used in conjunction with purchase order financing to support their rapid growth, enabling them to fulfill a number of larger orders that they've recently secured.

The client was referred to Sallyport by a specialist PO lender and Sallyport was a step ahead of the competition given thier ability to turn the deal around quickly on terms that were particularly favorable to them.

"It's always exciting to be part of the growth of a StartUp organization and even more so when that company's ethos is to create products which help us all to leave the world a better place than we found it. We love helping entrepreneurs with phenomenal ideas and can't wait to see how the client flourishes in this really exciting phase of their business' growth," said Alexandra Scoggin, Vice President, Sallyport Commercial Finance.

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