Sallyport Commercial Finance Arranges $3MM AR Facility for Electronics Company

Sallyport Commercial Finance arranged a $3 million accounts receivable facility for a national distributor of gaming and consumer electronics. Due to the COVID-19 pandemic, the business has expanded its products to include personal protective equipment such as masks and gloves.

“Giving our entrepreneurs the ability to leverage their skills and contacts helps them be successful and take advantage of new opportunities. This is what Sallyport is all about,” Nick Hart, president of Sallyport Commercial Finance, said.

The company was referred by one of Sallyport’s present clients. With a facility in place, the new client is now equipped to build a sustainable PPE concentrated business.