Sallyport Commercial Finance provides a $500,000 Accounts Receivable facility to a company that develops, designs and manufactures tools for minimally invasive endoscopic surgeries.
Founded in 2012, this company currently develops and markets FDA approved medical technology, serving customers in the United States and distribution partners world-wide.
“This is a client that when first introduced to Sallyport was seeking a PO solution. The company was new and had established larger incoming orders with a single customer which they were unable to fulfill. After consulting with the business, Sallyport was able to structure an alternative, more sustainable solution in order to finance their incoming orders and meet the future needs of the rapidly growing company. We look forward to watching this client grow with us!” states new Vice President of Business Development, Wade Concienne.
With over 25 years of experience, the business owner is an established developer in the industry with nearly a dozen patents to date. Sallyport’s assistance will allow this company to continue to grow and be a leading provider of revolutionary devices for the medical field.
Sallyport Commercial Finance, LLC is an independently owned and operated, specialty finance company focused on providing entrepreneurs with working capital solutions for small to medium sized businesses, to help drive growth and achieve business hopes and dreams. The senior management team have over 70 years of collective experience in helping entrepreneurs grow their businesses, in the US, Europe and Canada, by turning their invoices and assets into cash. Sallyport Commercial Finance offers a full suite of factoring and asset-based products including Accounts Receivable Finance, Purchase Order Finance, Equipment and Inventory Finance, Cash Flow Loans, and Real Estate Loans. Very experienced in all industries, our current portfolio includes businesses in Staffing, Energy, Food & Beverage, Apparel, Manufacturing, Service Industry, Transportation, Government Receivables, and IT.