Sallyport Commercial Finance Provides $900K in A/R Financing for Staffing Business

Sallyport Commercial Finance provided $900,000 in accounts receivable financing to a staffing business.

A partner of Sallyport’s from the banking industry referred the client to Sallyport. The client was experiencing accelerated growth and with long payment cycles, encountered cash flow issues, causing it to look for a finance partner to help make payroll, invest into new areas and compete for bigger contracts. The client will use the funds from Sallyport to pay suppliers, meet payroll and make capital investments.

“From start to finish, the client team were such a passionate group of people to work with and their ambition for growing the business was evident,” Alexandra Scoggin, vice president at Sallyport Commercial Finance, said. “We were able to get them funded and up and running with their facility very quickly, giving them the breathing room they needed to concentrate their efforts on the business.”