Sallyport Commercial Finance closed a $2 million accounts receivable financing facility for a provider of turnkey furniture and fixtures for the education sector.
Referred to Sallyport via its parent company, the client was seeking a solution to bridge seasonal cash flow needs and strengthen liquidity. With a growing pipeline of large school district projects, the business needed reliable working capital to cover upfront costs and confidently pursue opportunities that support the business’ rebound toward pre-COVID growth levels.
The facility will provide day-to-day working capital, allow the company to take on larger installations, and give the company the flexibility to pursue ambitious new contracts. Looking long-term, the business aims to return to pre-pandemic growth.
“We’re excited to close this facility and support a smart, motivated team,” Dean Winter, Business Development Executive at Sallyport, said. “By moving quickly and tailoring the structure to their seasonal needs, we’ve set the stage for a strong partnership and future growth together.”
