Sallyport Closes $1MM in A/R Financing for Renewable Energy Industry Services Business

Sallyport Commercial Finance closed $1 million in accounts receivable financing for a business providing services to the renewable energy industry.

The client has been operating its business in the UK and recently opened a U.S. company to serve a larger market. The company’s challenge was covering payroll, as it needed to hire additional technicians in order to scale the business. The prospect was referred to Sallyport by a close friend and existing Sallyport client.

The client has plans to serve off-shore wind farms and in the longer-term, add a Canadian arm to its business.