Sallyport Commercial Finance funded a $4 million accounts receivable and inventory facility (including a $1 million inventory tranche) to support the continued growth of a small batch ice cream manufacturer with roots dating back to 1949.
Following a challenging period that included recovering from a devastating fire, the business is now entering a new chapter. With a national account rollout underway and partnerships forming with major debtors, the company required a flexible working capital solution to match its ambitious growth trajectory.
The opportunity was introduced through a trusted relationship between a former client’s CFO and Sallyport president Nick Hart. Sallyport worked collaboratively with the client’s existing bank, which remains in place on the commercial real estate side and the SBA, which agreed to subordinate its EIDL loan.
The new facility was used to repay the existing bank debt while also providing the liquidity needed to support ongoing operations, increased production and national expansion initiatives.
With renewed momentum, the company’s leadership is focused on scaling the brand across the country, positioning it for long-term success and a potential future exit.
“Sallyport is excited to support the national roll-out of this well-known and established West Coast manufacturer of ice cream,” Hart said. “Our working capital and inventory facility will give them the working capital needed to execute their growth plans.”
