Sallyport Commercial Finance provided a $500,000 accounts receivable facility to a company that specializes in servicing, maintaining and repairing generators.
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Prior experience in the generator industry has enabled this newly-formed company to accumulate clients at a pace that required assistance to support its growth.
“When this client approached us, they were only about two months old and already proving their mark in the industry. However, their customers put them on net 60 payment terms which strained their cash flow. We were able to partner with this business and help provide them with the capital they needed to grow. This is a great company with a great management team, and I am excited to watch them grow,” said Wade Concienne, Sallyport’s VP of Business Development.
