Sallyport Commercial Finance Delivers $4MM A/R Facility to Staffing Company

Sallyport Commercial Finance provided a $4 million accounts receivable facility to a U.S. staffing company.  

The client was referred to Sallyport via a CPA and an industry competitor when the company started to grow. The preceding factoring provider felt uncomfortable adapting to the company’s growing financial requirements.

The client will use the funds from Sallyport to pay suppliers, meet payroll and make capital investments that will fuel its growth internationally.

“In the course of one year, this company grew its revenue by almost five times. Sallyport were able to help support that growth at a time when most lenders would not,” Wade Concienne, vice president of business development for Sallyport Commercial Finance, said. “We are excited to have this business on board as part of the SCF family and are positive that they will achieve their ambitions of a global presence in the not-so-distant future.”