Sallyport Commercial Finance announced a $2 million funding solution for a cutting-edge manufacturing and technology company utilizing AI to provide a frictionless sales environment. The funding package includes $2 million in combined Accounts Receivable Finance and Purchase Order Finance.
Referred to Sallyport by a trusted business consultant and after years of successful R&D the client required an alternative solution to their working capital needs. Sallyport’s flexible solution provides the necessary funds to enable the business the breathing room to fund purchase orders from major debtors and gives them the working capital needed to accelerate growth.
The company’s long-term vision is to build critical mass, scale their operations through key relationships and ultimately, achieve a global rollout. By partnering with Sallyport, the CEO and CFO can now focus on securing equity investments to fuel their continued growth and innovation. The recommendation to work with Sallyport came from the referring consultant’s long-standing relationships with our U.S. President, Nick Hart and prior dealings with Sallyport Commercial Finance.
Nick Hart, President of Sallyport Commercial Finance was energized by the difference this business could enact in the industry: "Our financing of this vision-based solutions company means funding possibilities, not just products—it’s about empowering ideas that shape the future and solve today’s challenges in extraordinary ways."