Sallyport Commercial Finance provided $500,000 in accounts receivable financing to an organic soap manufacturer that has been crafting and distributing natural soap products in the U.S. and Canada since 1994.
Sallyport Commercial Finance hired Chris Huntington as a vice president of business development on the East Coast, according to a LinkedIn post from the company. Huntington was previously director of asset-based lending at Virgin from 2016 to 2023.
Sallyport Commercial Finance provided $500,000 in financing to a startup chemicals importer. The funding will enable the business to continue growing by bringing on more customers and expanding its product offering.
Sallyport Commercial Finance provided a $350,000 accounts receivable facility to an oil and gas business after a bank failed to extend its facility.
Sallyport Commercial Finance provided a $1 million accounts receivable finance facility to a lighting manufacturer headquartered in Tennessee.
Sallyport Commercial Finance provided a $1.5 million accounts receivable facility to a Houston-based oil and gas services business that needed additional working capital to fulfill a growing number of orders.
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.
ARHT Media, a provider of development, production and distribution of hologram and digital content, entered into an accounts receivable facility with Sallyport Commercial Finance for up to C$2 million ($1.5 million).
Sallyport Commercial Finance provided a $250,000 accounts receivable financing facility to a B2B technology company based in Canada.
Sallyport Commercial Finance closed a $750,000 accounts receivable funding facility for a professional services business.