Sallyport Commercial Finance Provides $7MM A/R Facility to Solar Panel Supplier

Sallyport Commercial Finance provided a $7 million accounts receivable financing facility to a supplier of high-efficiency solar panels. The client chose the facility over a lower-priced bank line with limitations, according to Sallyport.

“Growth presents challenges as well as opportunities,” James Bartel, vice president of Sallyport Commercial Finance, said. “Our client faced the challenge of a huge spike in sales and knew a recently approved bank line would not be sufficient. They turned to Sallyport, who understood the opportunity and was able to structure a facility that will help them meet and exceed their goals.”

Sallyport Commercial Finance is an independently owned and operated specialty finance company focused on providing working capital solutions for small to medium sized businesses.