Sallyport Commercial Finance Closes $750K A/R Facility for Professional Services Business
Sallyport Commercial Finance closed a $750,000 accounts receivable funding facility for a professional services business.
Sallyport Commercial Finance closed a $750,000 accounts receivable funding facility for a professional services business.
After two years’ of extremely challenging conditions for this business due to the pandemic, Sallyport Commercial Finance provided $1.75 million in finance for an office furniture manufacturer.
Sallyport Commercial Finance hired Brian Adler as an underwriter for its U.S. team. Adler has more than five years of experience, including more than three years with Amegy Bank, where he rose from credit analyst to assistant vice president of corporate banking.
According to the Scottish Financial News, Sallyport Commercial Finance is opening a division in Scotland to be led by Andy Tait, a former veteran of Bibby Financial Services.
In a deal that closed in 2022, Sallyport Commercial Finance equipped a U.S. project management business with an $850,000 accounts receivable facility.
Sallyport Commercial Finance provided $1 million in combined financing to a Canadian importer of industrial pipes and flanges. The package is made up of $750,000 in accounts receivable funding and $250,000 in purchase order financing.
Sallyport Commercial Finance promoted Olivia Hudson to senior account executive. Hudson was previously an account executive for the last four years.
Sallyport Commercial Finance provided $1.5 million in accounts receivable financing for a U.S.-based oil and gas services business.
Sallyport Commercial Finance closed on $500,000 in financing for an oilfield services company offering saltwater disposal services.
According to two LinkedIn announcements, Sallyport Commercial Finance promoted Damon Dickens to executive vice president, while Calum Williamson accepted the role of North America sales manager.