Sallyport Commercial Finance Provides $7.5MM A/R Facility to Electronics Distributor

Sallyport Commercial Finance provided a $7.5 million accounts receivable facility to an electronics distributor. 

A lender referred this deal to Sallyport. The two organizations will now work together with the electronics distributor, which has a highly seasonal business and needed to free up working capital to secure enough stock for the holiday season while also meeting payroll commitments. The client will use the funds from Sallyport to pay its suppliers and workforce while considering an expansion into other home electronic product lines in the future. 

“With the California ports continuing to have severe constraints and delays, we were happy to provide our client the funding they needed to be able to bring in more products and safeguard the success of their busy holiday sales season,” Alexandra Scoggin, vice president for Sallyport Commercial Finance, said. “I am excited to see what new products they will be launching in the future.”