Sallyport Commercial Finance provided a $1,250,000 accounts receivable facility to a manufacturing company producing control panels utilized by industries ranging from nuclear power plants to outdoor barbecues. 

With more than 40 years of experience and a solid commitment to their customers, this company proudly designs, tests and manufactures all their products in the USA.  Their current lender could not meet the client’s need for additional working capital and asked them to find another solution.  Their business consultant explored multiple sources of capital and chose Sallyport for their creativeness and willingness to get the deal done.  With new orders pending and a short timeline, the business sought a quick solution.   Sallyport met all their expectations and more, even while the client was on vacation and difficult to reach.

“Sallyport pulled through giving the client the assurance of meeting their obligations, paying off the bank and positioning themselves to take on more orders.  We are excited to be part of this growing business and to offer support so the owner can concentrate on sales and enjoy his vacation,” says James Bartel, Vice President of Business Development.

Every entrepreneur needs support from time to time, as well as confidence in a lender who understands their business and is willing to help drive growth.  Sallyport is excited to provide the needed working capital so the company can pay off their current bank, expand their customer base and continue to grow.