Sallyport Commercial Finance delivered a $7,500,000 combined credit facility that includes an Accounts Receivable Line, Inventory Line and Term Loan to a family owned apparel company with over 30 years of experience.  The business breached several covenants with their current lender, and caused a contentious situation and lender fatigue that effected the ability for the business to continue to trade.  The company found some direction and relief from their existing real estate lender who helped negotiate a settlement and then championed Sallyport to support their ongoing working capital. 

“In difficult work-out situations, it’s imperative to work through the noise and seek out viable options to help a business stay relevant and continue day-to-day operations,” states Greg Dyson, National Sales Manager.  “We’re confident in partnering with the business to ensure consistent and sustainable financing to help them reach their year-end obligations and prepare for a successful 2019.” 

Sallyport Commercial Finance is delighted to provide a working capital solution so that this company can continue to grow their business and achieve their Hopes and Dreams.   The company is now positioned to effectively manage the expectations of their clients, stakeholders, and suppliers in order to keep the business relevant for the coming years.