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Sallyport Commercial Finance Funds Their Second DIP Deal of 2017

October 16, 2017, 08:00 AM
Filed Under: Manufacturing


Sallyport Commercial Finance provided a $2 million-dollar Debtor-In- Possession facility to a company focused on the design and manufacture of ladies and children’s shoes.

Founded in 2009, a second-generation shoe designer leads this family business which has a presence both Domestically and Internationally. 

Sallyport Commercial Finance was able to structure a DIP financing offering to provide the working capital to this company, enabling the business to ship the Fall/Winter season and prepare for Spring, whilst it undergoes a restructure that will benefit its creditors.
 







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