Sallyport Commercial Finance offered a $1 million accounts receivable facility to a well-established cosmetic wholesale and distribution company working with major retailers worldwide. This facility will help the business adapt to the changing retail sector and enable them to expand their product offerings for PPE distribution.
“With a bank line too small to support growth and the challenges of our current economy, the business owners were looking to partner with a lender that had similar vision and can adapt to the market.” Calum Williamson, managing director, said. “We’re delighted to come alongside a client that wants the assurance of a strong lender that will help them achieve their goals.”
As entrepreneurs often do, they find ways to survive and thrive during challenging times. Many find bank financing too restrictive for growth and expansion. With an introduction from a trusted consultant, Sallyport structured a larger more flexible credit facility so the business can confidently grow to new levels.
