Sallyport Commercial Finance provided a $2 million-dollar Debtor-In- Possession facility to a company focused on the design and manufacture of ladies and children’s shoes.
Founded in 2009, a second-generation shoe designer leads this family business which has a presence both Domestically and Internationally.
Sallyport Commercial Finance was able to structure a DIP financing offering to provide the working capital to this company, enabling the business to ship the Fall/Winter season and prepare for Spring, whilst it undergoes a restructure that will benefit its creditors.