Sallyport Commercial Finance provided a $750,000 account receivable facility to an established communications agency.
The company provides brand building, which includes a full spectrum of advertising and marketing deliverables to banks, financial services companies, insurance companies and other related technology sectors.
The company’s current lender would not increase their line of credit to help them fuel their growth, so the owners turned to Sallyport for their flexible financing solutions and fast turnaround to help solve a cash flow shortage. The agency is now positioned to continue providing exceptional service to a growing customer base.
“This growing, family-owned and operated business was constrained by cash flow and strapped by their lender’s inability to understand their growth. We’re pleased to partner with this client who turned to Sallyport for the right financing support to help them overcome their obstacles as they continue to grow,” said Danny Krasna, vice president of Business Development at Sallyport. “Understanding the needs of our clients is what we do best at Sallyport.”
