Sallyport Commercial Finance provided $1.75 million in funding for a hospitality services supplier in the U.S.
The client was referred to Sallyport from a trusted contact in its CPA network. Sallyport tailored a bespoke package of accounts receivable financing, equipment finance and a term loan for the client. The financing allowed the client to settle its obligations with its existing lender and increase working capital, leaving it free to focus on expansion into new markets through the acquisition of complementary businesses.
“Sallyport’s consultative approach to supporting the client and helping them realize their growth ambitions proved vital to securing their business,” Nick Hart, president of Sallyport Commercial Finance, said. “We’re truly grateful that the client recognized our genuine interest in helping them and we look forward to working with them and seeing them succeed.”
