Northrim BanCorp announced the acquisition of Sallyport Commercial Finance in an all cash transaction that closed on October 31, 2024 and is valued at approximately $53.9 million. Sallyport Commercial Finance, LLC is a leading provider of factoring...
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November 04, 2024, 08:10 AM
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Sallyport Commercial Finance announced the successful funding of $500,000 in accounts receivable finance for a staffing firm whose parent company is an existing client. The client, referred by Sallyport's Account Executive Olivia Hudson, is expanding...
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October 28, 2024, 07:45 AM
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Sallyport Commercial Finance successfully funded a $1.5 million accounts receivable facility for a supplier in the floral industry. Specializing in salal, a key component in wreaths and floral bouquets, the company sought funding to manage the...
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October 07, 2024, 07:00 AM
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Sallyport Commercial Finance successfully funded $1,250,000 in Accounts Receivable (AR) financing for a transportation and logistics company based in Hawaii. This essential business, a key player in Hawaii's logistics market, initially sought funding...
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September 09, 2024, 05:00 AM
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Sallyport announced the provision of $7,000,000 in accounts receivable finance to support a strategic acquisition in the entertainment services industry. This new client, who successfully purchased the business - an existing Sallyport client, through...
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September 04, 2024, 07:06 AM
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Sallyport Commercial Finance provided $900,000 in funding to a leading toy distributor. This funding package includes a $750,000 Accounts Receivable (AR) facility and a $150,000 inventory facility. The toy distributor sought funds due to not meeting...
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July 31, 2024, 07:00 AM
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Sallyport announced a groundbreaking $10 million in accounts receivable finance for a prominent pharmaceutical company - Shield Therapeutics Inc. This financing marks a pivotal moment for the organization, which is fervently navigating its...
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May 09, 2024, 06:00 AM
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In its second deal for 2024, Sallyport provided an existing client with $2,000,000 accounts receivable finance providing the ongoing working capital required to trade successfully.The client was originally referred to Sallyport over 3 years ago by a...
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January 25, 2024, 07:00 AM
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$7,000,000 in accounts receivable and $9,000,000 in machinery and equipment finance make up a bespoke package for a recycled plastics manufacturer.Referred from a bank directly to Sallyport’s Alexandra Scoggin, her strong relationship with them...
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November 27, 2023, 05:00 AM
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Sallyport Cpommercial Finance announced the late March funding of a new business in the Oil and Gas Services industry. $500,000 accounts receivable finance will give them the working capital required to support their rapid projected growth.Referred...
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April 07, 2023, 06:00 AM
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An existing Sallyport client in the Oil and Gas Services space has just been equipped with $2,000,000 accounts receivable finance to fund their most recent acquisition in the sector.Initially referred to Sallyport by a contact in the investment...
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March 29, 2023, 07:00 AM
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Sallyport Commercial Finance announced $1,750,000 in financing for an office furniture manufacturer. Manufacturing high quality office furniture from their factory in LA, the client was referred to Sallyport via a contact in the banking industry.The...
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March 14, 2023, 07:00 AM
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Sallyport announced $1,500,000 in accounts receivable financing for a U.S. oil and gas services business.The client had been a long-term prospect and was in need of a lender to support them in high growth mode. The funds will enable them to continue...
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November 14, 2022, 06:00 AM
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Sallyport Commercial Finance announced that Calum Williamson has accepted the role of North America Sales Manager and will also continue as Managing Director of Sallyport’s Canadian Business. Calum’s Factoring and ABL background in the US, Canada and...
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August 18, 2022, 07:28 AM
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IBC Advanced Alloys Corp. entered new credit facilities (the “Credit Facilities”) of up to $8,000,000 established pursuant to (a) a credit and security agreement among Iron Horse Credit, LLC and certain of the Company’s U.S. subsidiaries and (b) an...
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July 30, 2021, 06:00 AM
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Sallyport Commercial Finance helps a well-known make-up and cosmetic brand with a $4,000,000 Accounts Receivable facility securing their future with ongoing sustainable financing. The company is now positioned for positive growth as they expand into...
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October 02, 2020, 08:50 AM
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Sallyport Commercial Finance approved a $1,750,000 Accounts Receivable facility to a group of staffing companies that provide flexible recruiting services to Canada and the U.S.“Having worked with the owners and management team for several years...
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May 21, 2020, 08:55 AM
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Sallyport Commercial Finance provided a $2,000,000 Accounts Receivable facility, including a $500,000 Cash Flow Loan to a company that provides a complete range of traffic control services for their customers.“When we connected with this traffic and...
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April 20, 2020, 09:00 AM
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Sallyport Commercial Finance provides a $250,000 Accounts Receivable facility to a company committed to providing equipment and process controls to the water treatment and manufacturing sectors.This Original Equipment Manufacturer is in the pursuit...
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June 13, 2019, 08:55 AM
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Sallyport Commercial Finance expands their sales team by introducing Wade Concienne as Vice President in the greater Houston territory. “I am excited to represent Sallyport Commercial Finance as Vice President of Business Development. Spending time...
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February 27, 2019, 08:06 AM
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Sallyport Commercial Finance customized a $1,950,000 Accounts Receivable facility for a business that provides a variety of engineering and laboratory solutions to customers ranging in size from small start-ups to Fortune 500 companies. With over 25...
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January 14, 2019, 07:00 AM
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Sallyport Commercial Finance delivered an $800,000 Accounts Receivable facility and a $500,000 Inventory facility to a family-run manufacturer of baby products.
Through personal encounters with families and their newborns, a medical practitioner...
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November 28, 2018, 07:00 AM
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Sallyport Commercial Finance delivered a $7,500,000 combined credit facility that includes an Accounts Receivable Line, Inventory Line and Term Loan to a family owned apparel company with over 30 years of experience. The business breached several...
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September 24, 2018, 07:21 AM
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Sallyport Commercial Finance arranged a $3,250,000 combined credit facility offering an Accounts Receivable line, Purchase Order facility and Inventory facility to help an apparel company refinance their existing senior credit facility and provide...
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September 19, 2018, 07:35 AM
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Sallyport Commercial Finance provided a $4,000,000 working capital facility, including a $720,000 Term Loan as part of an Acquisition finance package to support the purchase of a Gas, Diesel and Propane distribution business out of bankruptcy in...
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April 02, 2018, 07:06 AM
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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...
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January 22, 2018, 07:07 AM
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Sallyport Commercial Finance recently provided a $2 million facility including an Inventory and Purchase Order Line to a company who specializes in designing and manufacturing the fold-up ballet flat footwear. Their products include flats and sandals...
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March 08, 2017, 06:00 AM
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Sallyport Commercial Finance recently recruited James Bartel, to join the company's sales team and expand its footprint into the Pacific Northwest. Bartel has extensive experience of the Factoring and Asset Based Lending Industries, working at a...
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December 23, 2016, 07:05 AM
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Sallyport Commercial Finance, LLC recently provided a $5 million Accounts Receivable facility limit – including $1.5 million of Purchase Order Financing - to a Seattle-based apparel company specializing in high-end men’s active wear. Our client...
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September 15, 2016, 07:00 AM
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