Daily News: December 4, 2017

Sallyport Provides $1MM AR Financing to Alternative Lending Company

Sallyport Commercial Finance provided a $1 million accounts receivable facility to a growing commercial lender offering a variety of working capital solutions for small businesses.

In an effort to expand services for its customers, the company turned to Sallyport for its expertise in accounts receivable factoring to help its growing portfolio of small and medium-sized businesses seeking sustainable financing. With Sallyport as its senior lender, this company can focus on leveraging its employed net funds while continuing to grow as a new start factoring business.