Sallyport Commercial Finance provided a $2 million A/R facility to a seafood distributor, which receives seafood daily from local fishing boats and offshore vessels, which is then graded, processed and packed in its waterfront facility. The seafood is then shipped to local, national and international customers.

The company was founded in 2002 as a daily online auction to facilitate selling and buying advantages for local fishermen and approved buyers around the globe. The main species of seafood traded include cod, haddock, pollock, redfish, hake, dabs, grey sole and blackbacks.

Sallyport Commercial Finance is an independently owned and operated specialty finance company focused on providing entrepreneurs with working capital solutions for small- to medium-sized businesses, to help drive growth and achieve business goals.