Sallyport Provides $2MM A/R Facility to Engineering Company

Sallyport Commercial Finance provided a $2 million accounts receivable facility to a company that specializes in engineering design and inspections.
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With increased demand for inspection services, the company needed additional working capital to fuel growth and maintain their excellent reputation in the industry.
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“This client was referred by a bank who realized the company’s growth potential but was unable to provide a large enough line to support their projections. As an alternative lender, we were able to provide a line of credit to support the company’s rapid growth and help them achieve their hopes and dreams. I’m excited to add this business to our expanding portfolio,” states Wade Concienne, vice president of Business Development.