Sallyport Commercial Finance provided a $750,000 accounts receivable facility to a newly formed woman-owned business to help the firm move into new markets.
The business specializes in on-trend product development, data analytics, creative solutions and global logistics.
With the Sallyport facility, the company now has the opportunity to expand and win new contracts, opening the door to distribution to markets promoting consumer-related products such as kitchen cookware, bed sheets/linens, hats, bags and clothing.
“The growth of our current client has been tremendous over the last year. With that success, the decision to create a new business for strategic advantages would help continue that growth. The newly formed woman-owned business would allow them to service a new segment of their market. We are glad to provide the additional credit facility to help their continued success,” says Matthew Tobin, vice president of Business Development.
