Sallyport Commercial Finance provided a $1.5 million accounts receivable facility to a company that focuses on high quality print for advertising and packing.
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“This business has grown immensely over the past few years but upon hitting a bump in the road, needed a solution that could not be provided by their existing lender. When the chips were down, and the owner needed a lender to step up and save his business from bank foreclosure, he turned to Sallyport,” says Nick Hart, Sallyport president.
“With a strain on cash flow and the loss of one of their largest customers, the company struggled with keeping the business operational. With our facility in place, the business will be able to pay down the bank and bring the business back on its feet.”
