FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Sallyport Provides $7.5MM Funding for Electronics Distributor

October 19, 2021, 07:09 AM
Filed Under: Distribution

Sallyport provided a $7,500,000 accounts receivable facility for an electronics distributor.

Referred to us by their current lender whom we will work alongside, the client has a highly seasonal business and needed to free-up working capital to be able to secure enough stock for the holiday season whilst also meeting their payroll commitments. The client will use these funds to pay their suppliers and workforce and they hope to be able to expand into other home electronics product lines in the future.

Alexandra Scoggin, VP for Sallyport commented, "With the California ports continuing to have severe constraints and delays, we were happy to provide our client the funding they needed to be able to bring in more products and safeguard the success of their busy holiday sales season. I am excited to see what new products they will be launching in the future."







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.