Sallyport Commercial Finance has Provided a $500,000 Accounts Receivable Factoring Facility for Growing Healthcare Staffing Company
Sallyport Commercial Finance recently announced a $500,000 Accounts Receivable Factoring facility for a growing healthcare staffing company. Referred to Sallyport by a previous client, the company needed additional working capital to bridge the gap between paying healthcare professionals and collecting payments from customers.
As placements and customer volumes increased, payroll needed to be funded well before the related invoices were paid. Sallyport’s flexible factoring facility provides the liquidity needed to fund payroll, support new placements and manage other working capital requirements as the company continues to expand its customer base.
The client chose Sallyport because of our ability to quickly understand the needs of a newer healthcare staffing business, navigate complex MSP and customer structures and deliver a flexible funding solution that supports continued growth.
“We’re excited to support a young healthcare staffing company as they build out their customer base and scale operations. The facility provides the working capital needed to fund payroll, support new placements and grow without being constrained by customer payment cycles.”
Dean Winter, VP of Business Development, Sallyport Commercial Finance
We’re proud to help another growing staffing business turn new opportunities into sustainable growth, without payroll timing standing in the way.
About Sallyport Commercial Finance
Sallyport Commercial Finance is a specialty finance company operating across the US, Canada, and UK, focused on providing entrepreneurs with working capital solutions for small to medium sized businesses with annual sales up to $200m. Our funding helps them drive Growth and Achieve their business Hopes and Dreams. Sallyport Commercial Finance offers a full suite of factoring and asset-based products including Accounts Receivable Finance, Purchase Order Finance, Equipment and Inventory Finance, Cash Flow Loans, and Real Estate Loans. Very experienced in all industries, our current portfolio includes businesses in Staffing, Energy, Food & Beverage, Apparel, Manufacturing, Service Industry, Transportation, Government Receivables, and IT.