Sallyport Commercial Finance provided a $2 million funding solution for a manufacturing and technology company utilizing AI to provide a frictionless sales environment. The funding package includes $2 million in combined accounts receivable finance and purchase order finance.
The company was referred to Sallyport by a business consultant. After years of successful R&D, the client required an alternative solution to working capital needs. Sallyport’s solution was designed to provide the necessary funds to enable the business the breathing room to fund purchase orders from major debtors and provides the working capital needed to accelerate growth.
The company’s long-term vision is to build critical mass, scale operations through key relationships and, ultimately, achieve a global rollout. By partnering with Sallyport, the CEO aims to focus on securing equity investments to fuel continued growth and innovation.
“Our financing of this vision-based solutions company means funding possibilities, not just products — it’s about empowering ideas that shape the future and solve today’s challenges in extraordinary ways,” Nick Hart, president of Sallyport, said.
