Sallyport Commercial Finance provided $7 million in accounts receivable financing and $9 million in machinery and equipment financing in a package for a recycled plastics manufacturer.
Sallyport Commercial Finance provided a $15 working capital facility with a provision to increase to $30 million to a producer of renewable fuels, distiller grains and alcohols.
Sallyport Commercial Finance provided $1.9 million in financing, comprising an accounts receivable facility and a $500,000 cash flow loan, to a bulk container distribution business.
Sallyport Commercial Finance closed $4 million in financing for the expansion of a company’s manufacturing plant in the U.S. Sallyport partnered with a specialist inventory finance lender to take the total financing available to the client to $8 million.
Sallyport Commercial Finance provided a $500,000 accounts receivable facility for an East Coast food distributor.
Sallyport Commercial Finance added Alexandra Scoggin to its business development team. Scoggin previously served as vice president of business development at Goodman Capital Finance.
Alexandra Scoggin has joined the California Bank of Commerce Business Credit team as vice president of Marketing and Business Development.