Daily News: September 11, 2017

Sallyport Provides $500K A/R Facility to Electric Auto Case Manufacturer

Sallyport Commercial Finance provided a $500,000 accounts receivable facility to an importer of specially designed cases for the electric auto industry.

As a new-start business that recently secured a sizeable supply contract with a market leader in the electric auto industry, the company provides automotive cases and kits that hold the charging cables for domestic electric cars, safety kits for European exports as well as glove box components. The company provides its customers with the first organized safety kit in the automotive industry in more than 20 years.