Sallyport Commercial Finance arranged a $14.5 million package, including an accounts receivable facility, purchase order facility and inventory facility, for a manufacturer of broadband communication products.

Founded in 1997, the business custom designs their own products, including amplifiers, HDMI cables and other connectivity products, in order to keep up with rapidly evolving advancements in technology.

The structured capital will be used to enable the company’s further future growth.

“We are proud to announce our largest deal yet and also welcome our newest client. With so much uncertainty and volatility in global trade it is difficult for entrepreneurs to swiftly navigate and respond to the changing environment if they do not have a lender that is able and willing to change swiftly with them,” said Nick Hart, Sallyport president. “We were asked by our client to help them execute a corporate strategy that would help mitigate risk presented by the new proposed trade tariff increases and also deal with banking and lending uncertainty in their Chinese market, where they have a manufacturing base. They had been talking to their long-time lender for nearly a year about restructuring their facility to help them achieve their goals, but, unfortunately, with the impending tariff increases and business uncertainty, the lender declined at the last minute.

“Sallyport got the call for help and we were at the client’s premises the following day to fully understand the current situation. Together we came up with an increased total facility incorporating domestic and international receivables, inventory facility and a purchase order facility. Together we have developed strategies to deal with the business risks that the client is facing and give confidence and the very best chance of succeeding and continuing with their growth plans.”