Sallyport Commercial Finance provided a $5,000,000 combined credit facility that includes an AR line, Purchase Order Financing and an Inventory Advance that will give the business the confidence to expand and grow their product line to a fashion accessories company.
For over two decades, this company has supplied hats and various accessories to major department stores, online retailers and foreign distributors. In addition, they recently expanded their expertise to develop another brand that focuses on tech accessories such as phone cases and laptop bags.
Sallyport Commercial Finance understands the needs and challenges the fashion industry faces and was happy to provide their expertise and professional management skills to ensure the company can meet the increased demands of their suppliers and the stretched payment terms from retailers. The company is positioned to have an exceptional year and looks to build a strong long-term relationship with their new finance partner, Sallyport.