HOUSTON — Sallyport Commercial Finance has provided $500,000 in accounts receivable financing to a growing meat processing company facing a cash flow crunch.
The Texas-based processor turned to Sallyport after its largest customer extended payment terms, putting a strain on the company’s operations. The financing gives the company working capital to maintain stability and continue its expansion.
Kevin Yoon, vice president of business development at Sallyport, met with the company through a referral to explore how factoring could address their financial challenges.
“By partnering with Sallyport, the client gains the financial flexibility needed to grow and succeed in the competitive meat processing industry,” Yoon said.
Sallyport is an independently operated specialty finance company offering working capital solutions for small and mid-sized businesses across industries including food and beverage, manufacturing, and transportation.
