Sallyport Finances $2.5MM for Food and Beverage Manufacturer

Sallyport Commercial Finance financed $2.5 million for a family-owned manufacturer of powdered coffees, cappuccino mixes and other specialty drinks. The funding comprises accounts receivable and inventory finance and a cash flow loan, which will enable the client to cover its operational expenses as it expands the business both at home and abroad.

The prospect self-referred through a Sallyport employee, as they wanted to work with one of Sallyport’s senior account executives who had managed their account many years prior at another company.

The business can now execute on its expansion plans, including reaching $20 million in annual sales and becoming 100% self-manufacturing by bringing its blending process in-house while continuing to grow the brand overseas in the export markets.

“We are delighted to add this company to our portfolio and look forward to supporting their growth, both domestic and foreign,” Anne Mask, sales manager at Sallyport, said.