Sallyport Commercial Finance provided a $2 million 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 domestic and international presence.

Sallyport was able to structure a DIP financing offering to provide the working capital to this company, enabling the business to ship for the fall/winter season and prepare for spring, while it undergoes a restructuring that will benefit its creditors.