Daily News: July 17, 2017

Sallyport Provides $3MM AR Facility to Body Warmer Company

Sallyport Commercial Finance recently provided a $3 million accounts receivable facility to a North American warmer brand in the outdoor industry.

Established in 1980, this company designs, manufactures, packages, merchandises and delivers air activated body warmers to customers across the globe. Its warming technology accessories cater to a variety of outdoor enthusiasts including hikers, skiers and hunters.

Sallyport Commercial Finance’s strategic partnership with a renowned inventory lender secured the deal to provide a complete package of working capital to the business. This will enable the business to build inventory ahead of its busy winter season.