Sallyport Commercial Finance Provides $1.5MM in A/R Financing to Wholesale Business

Sallyport Commercial Finance provided $1.5 million in accounts receivable financing to an existing client to support its wholesale business.

The client needed funds to pay an overseas supplier for a large order prior to goods being shipped. This financing from Sallyport will enable the client to grow its organization, as it can now accept new business with the assurance that it will be able to pay suppliers for materials and fulfill customer orders.

“The business needed a trusted funding partner that understood the complexity of trade finance and could help them confidently take on additional business,” Greg Dyson, national sales manager at Sallyport Commercial Finance, said. “After a difficult year due to the pandemic, the business is now poised to have significant growth with the support they've received from Sallyport. This was a great example of a client who was ready to move forward and could count on Sallyport to help propel their growth.”