Sallyport Commercial Finance funded a $4 million accounts receivable facility for an industrial cleaning company.
The client, referred to Sallyport by a consultant working with their bank, faced the pressing need to repay existing obligations while injecting fresh working capital to fuel growth. With sights set on a turnaround, the company needed a funding partner that could help it return to profitability and build a stronger, more sustainable business for the future.
“We’re thrilled to support our new client in their journey toward renewed profitability and growth,” Dan Millar, vice president of business development for Sallyport, said. “This deal is a testament to the dedication and expertise of the Sallyport Commercial Finance team, who worked tirelessly to navigate the complexities of a franchise billing structure. By collaborating closely with both the client and franchisor, we were able to craft a solution that others couldn’t. It’s a proud moment for all involved.”
