Sallyport Commercial Finance Delivers $250K AR Facility to Handbag Manufacturer

Sallyport Commercial Finance provided a $250,000 accounts receivable facility to a company that specializes in private label accessories, handbags and wallets for retailers. "When the client was introduced to Sallyport, they were looking for a fast solution to exit from their current MCA lender,” Matthew Tobin, vice president of business development at Sallyport Commercial Finance, said. “Even during this difficult time of ‘social distancing,’ the business was experiencing an influx of POs for U.S.-produced orders as the current economic climate has disrupted international supply chains. Sallyport was able to pull together and implement funding despite the challenges presented.”