Sallyport Commercial Finance supplied a $3.5 million accounts receivable facility to a digital media company comprised of multiple subsidiaries and based in the Pacific Northwest.
The company provides proprietary technology and premium content in order to produce advertising for their clients, allowing them to operate under a shared digital publishing, advertising and distribution platform, unified under one media brand.
The parent company requested a quick solution that would bring all the subsidiary entities into a single facility. Pulling all the pieces together gave the client the confidence and assurance that the business cash flow would not be compromised and the business could continue its expansion.
“When we first connected with our client, they informed Sallyport of their plans for a roll up of three companies. The Sallyport team, in concert with our client, implemented a complex solution that required knowledge, expertise and a lot of patience,” says Matthew Tobin, vice president of Business Development.
The Sallyport facility will be used for working capital and expansion opportunities.
