Sallyport Commercial Finance provided a $4 million accounts receivable financing facility to a sponsor-backed metal components company, which needed help with a working capital gap caused by delays in shipments out of India and China.
“When our client came to Sallyport, they were in a tough scenario, as their sales had been decreased because of the pandemic and they had a cash flow gap they needed to fill. We were able to work hand-in-hand with our client and their private equity sponsor to find the right financing to help them rebound from unforeseen issues in 2020 and pivot to having a successful and profitable 2021,” Danny Krasna, vice president at Sallyport Commercial Finance, said.
