Sallyport Provides $2.65MM Facilities to Metal Manufacturer

Sallyport Commercial Finance supplied a recognized market leader in metal manufacturing with a $1.9 million accounts receivable facility, $500,000 inventory facility and a $250,000 term loan.
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“The family owned manufacturing company was experiencing cash flow issues with its previous lender despite its strong debtor base. With Sallyport’s understanding of risk and ability to carry out effective credit controls, we were able to increase the company’s cash flow. The implementation of a structured solution that included an AR line, equipment advances, and a short-term loan, helped the business out of a frustrating situation,” said Matthew Tobin, VP of Business Development.