Sallyport Commercial Finance delivered a $2 million accounts receivable facility to a metal fabrication company serving domestic and international OEM manufacturers.
With a 35-year history, the company had grown from a small local metal-working shop to a business serving Fortune 500 companies. As the business grew, their current lender was restricting their expansion by initiating restrictive concentration caps and credit limits.
With an understanding of the business needs, Sallyport provided the needed relief for business growth and expansion.
“With our new client, we were able to understand their need for a flexible structure to increase availability and fuel growth. By listening, we identified a solution which works best for their continued growth, whereas their incumbent lender was being stiff on terms and not willing to cooperate,” said Danny Krasna, Sallyport vice president of Business Development. “We took the time to understand the client’s needs and be malleable for their growth where others were not.”
