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Sallyport Provides $1.25MM AR Financing to Logistics Company in Hawaii

Date: Sep 09, 2024 @ 05:00 AM
Filed Under: Logistics

Sallyport Commercial Finance successfully funded $1,250,000 in Accounts Receivable (AR) financing for a transportation and logistics company based in Hawaii. This essential business, a key player in Hawaii's logistics market, initially sought funding to consolidate high-interest, Merchant Cash Advance (MCA) debt that had accumulated over time. With this new funding, the company is not only able to streamline its financial obligations but is also poised for growth with more predictable cash flow and additional working capital.

Dean Winter, Business Development Executive at Sallyport Commercial Finance, is looking forward to seeing the business thrive saying, "We’re excited to support a key player in Hawaii’s logistics market with the funding they need to maintain predictable cash flow. This company, essential to the industry, is using our support to fuel their ambitious growth initiatives. We’re proud to partner with them on their journey to continued success.”

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