Sallyport Secures $1MM Financing for Lighting Manufacturer

Sallyport has financed a $1 million accounts receivable facility for a lighting manufacturer headquartered in Tennessee._x000D_
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The business experienced supply chain challenges and inflationary pressure, and its sales plateaued over the last couple of years. The market is now experiencing an uptick in activity, and the business will use the funds to support this growth and pay down some debt to reduce the incumbent bank’s position._x000D_
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“I’m very proud of the work the team put in on this one,” Dylan Zimmerman, vice president of business development for Sallyport, said. “Despite the complexities, we were able to provide a flexible financing solution to enhance their working capital position.”