Sallyport Commercial Finance Provides $7MM A/R Facility to Solar Panel Supplier

Sallyport Commercial Finance provided a $7 million accounts receivable financing facility to a supplier of high-efficiency solar panels. The client chose the facility over a lower-priced bank line with limitations, according to Sallyport._x000D_
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“Growth presents challenges as well as opportunities,” James Bartel, vice president of Sallyport Commercial Finance, said. “Our client faced the challenge of a huge spike in sales and knew a recently approved bank line would not be sufficient. They turned to Sallyport, who understood the opportunity and was able to structure a facility that will help them meet and exceed their goals.”_x000D_
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Sallyport Commercial Finance is an independently owned and operated specialty finance company focused on providing working capital solutions for small to medium sized businesses.