Sallyport Commercial Finance provided $1.9 million in financing, comprising an accounts receivable facility and a $500,000 cash flow loan, to a bulk container distribution business, which will utilize the funds to enhance its working capital position while concentrating efforts on plans for expansion.
“We were able to move very quickly with an accounts receivable line topped with a $500,000 cash flow piece secured by inventory,” Alexandra Scoggin, vice president of Sallyport Commercial Finance, said. “This provided the exact structure and flexibility the client needed to build on their success.”
