Sallyport Structures $1.75MM Credit Facility for Supplier to Trading Card Industry

Sallyport Commercial Finance structured a $1.75 million credit facility to a supplier to the trading card industry to help meet growing demand and fill upcoming orders. The credit facility will enable the business to continue to service existing customers and to help grow market share.

“The business owner had two large purchase orders and was worried about having sufficient capital to fill both of them on an ongoing basis,” James Bartel, vice president of Sallyport Commercial Finance, said. “The incumbent bank had given the company a line of credit, term loan and an additional SBA loan, but it was still not enough. Sallyport was able to pay off two of the loans, gain a subordination on the SBA loan and grant sufficient dollars to allow the company to fulfill its orders.”

A local banker understood the potential growth of the business and knew Sallyport Commercial Finance would structure the right solution to ensure the business would meet its obligations and find success to grow the business.