Daily News: May 13, 2019

Sallyport Tailors Credit Facility for Children’s Footwear Company

Sallyport Commercial Finance provided a $750,000 accounts receivable facility to a family-owned business that produces, imports and distributes quality footwear.

The business had grown from a one-person, single brand product line to a multifaceted wholesale footwear source with over 40 foreign partners and 2,500+ U.S. retail clients. The company’s diverse portfolio of suppliers allows them to adapt to constant market changes.

“The client had an issue with their lender not financing their working capital correctly which led to potential loss of business and stress on their relationship with their suppliers. We were able to provide a full-service credit facility, as well as bring in a strategic partner, which will help with their upcoming growth and alleviate their constricted cash position with their suppliers. Sallyport showed again the ability to understand the clients’ needs and build the right structure to help them grow,” states Danny Krasna, vice president of Business Development.

Sallyport Commercial Finance is an independently owned and operated specialty finance company focused on providing entrepreneurs with working capital solutions to help drive growth and achieve business hopes and dreams.